AMERICAN LITHIUM CORP. ("LI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 27, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 4, 2020:
Number of Shares: 10,156,530 shares
Purchase Price: $0.10 per share
Warrants: 10,156,530 share purchase warrants to purchase 10,156,530 shares
Warrant Exercise Price: $0.125 for a two year period
Number of Placees: 54 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Andrew Bowering Y 500,000
Aggregate Pro Group Involvement P 230,000
[5 placees]
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated January 21, 2020 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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