Lithium Chile Announces Upsized Life Offering of up to $6,500,000

Core Viewpoint - Lithium Chile Inc. has announced an oversubscribed private placement offering due to strong market demand, increasing the offering size to up to 13,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $6,500,000 [1][6] Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.70 for five years [2] - The offering will be conducted under the listed issuer financing exemption, allowing sales in all Canadian provinces except Québec, with no hold period for the issued securities [3] - The agents are also permitted to sell the units in the U.S. under available exemptions from registration requirements [4] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to advancing the company's mineral properties in Argentina and Chile, as well as for general administrative expenses and working capital [6] Group 3: Company Overview - Lithium Chile Inc. is an exploration company with a portfolio of 11 properties covering 107,936 hectares in Chile and 29,245 hectares in Argentina, having advanced its Arizaro project through various technical assessments [8]