CLM to raise $300,000 through private placement for lithium mining exploration in Quebec.

From GlobeNewswire.: 2024-09-23 07:30:00

Consolidated Lithium Metals Inc. plans to complete a private placement of up to 15,000,000 common shares to fund exploration expenses on lithium mining properties in Quebec. The offering is expected to close on September 30, 2024, subject to TSX Venture Exchange approval.

Consolidated Lithium Metals Inc. is a Canadian junior mining exploration company focused on acquiring, exploring, producing, and developing mining properties in Quebec, particularly spodumene-bearing pegmatites of the La Corne Batholith.

Investors in the offering may receive finder’s fees up to 10% of gross proceeds, with finder warrants allowing purchase of common shares at $0.05 per share for 24 months. Clarence Swatton may receive a commission of 10% if the private placement is completed successfully.



Read more at GlobeNewswire.: CLM Announces $300,000 Private Placement Flow-Through