LITHIUM SOUTH DEVELOPMENT CORPORATION ("LIS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 8, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 6, 2021:
Number of Shares: 2,300,000 shares
Purchase Price: $0.65 per share
Warrants: 2,300,000 share purchase warrants to purchase 2,300,000 shares
Warrant Exercise Price: $0.82 for a three-year period
Number of Placees: 2 placees
Finder's Fee:
PI Financial Corp. - $52,000 cash and 80,000 finder's warrants. Each finder's warrant is exercisable at $0.82
for a three-year period
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated December 6, 2021 announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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