Source: Metal Industry Report
  • ACME Lithium (ACME) has closed a non-brokered private placement for aggregate gross proceeds of $1,000,000.80
  • The company issued 833,334 units priced at $1.20 per unit
  • ACME will use the gross proceeds for exploration at its 100 per cent owned Cat-Euclid and Shatford Lake lithium projects
  • ACME Lithium is a mineral exploration company
  • ACME Lithium Inc. (ACME) opened trading at C$0.92 per share

ACME Lithium (ACME) has closed a non-brokered private placement for aggregate gross proceeds of $1,000,000.80.

The company issued 833,334 units priced at $1.20 per unit. Each unit consists of one flow-through common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $1.50 for two years.

Finder’s fees totalling $70,000.06 in cash and 58,333 compensation warrants were paid to Qwest Investment Fund Management Ltd.

ACME will use the gross proceeds for exploration at its 100 per cent owned Cat-Euclid and Shatford Lake lithium projects in southeast Manitoba.

All securities issued will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

ACME Lithium is a mineral exploration company focused on acquiring and developing battery metal projects.

ACME Lithium Inc. (ACME) opened trading at C$0.92 per share.

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