Lithium Chile Announces Upsized Life Offering of Up to $7,000,000

Core Viewpoint - Lithium Chile Inc. has announced an oversubscribed private placement offering due to strong market demand, increasing the offering size to up to 14,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $7,000,000 [1][6] Group 1: Offering Details - The offering will consist 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 is conducted under the listed issuer financing exemption, applicable in all Canadian provinces except Québec, and the securities will not be subject to a hold period under Canadian securities laws [3] - The agents are also permitted to offer the units in the United States 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 [8] - The company has made significant progress on its Arizaro project, completing a technical report, a Preliminary Economic Assessment, and a Prefeasibility Study [9]