Lithic Announces Private Placement

Lithic Resources Ltd. (TSXV:LTH) has agreed to a non-brokered private placement by a small group of strategic investors.

As quoted in the press release:

The placement consists of 14.5 million common shares at a price of 5 cents per share for gross proceeds of $725,000. There is no commission payable. Closing of the financing is expected to occur on or before July 27, 2012 and is subject to all regulatory approvals, including the approval of the TSX Venture Exchange.

Click here to read the Lithic Resources Ltd. (TSXV:LTH) press release