LibertyStream Announces Closing of Second and Final Tranche of LIFE Offering

Core Viewpoint - LibertyStream Infrastructure Partners Inc. has successfully closed the second and final tranche of its private placement, raising a total of approximately $10 million to support its lithium extraction technology and production efforts [1][4]. Group 1: Offering Details - The private placement raised aggregate gross proceeds of $1,089,999.95 through the issuance of 13,701,691 Units at a price of $0.65 per Unit, bringing total gross proceeds to $9,999,999.10 [1]. - Each Unit consists of one common share and one whole common share purchase warrant, with each Warrant allowing the purchase of one Common Share at an exercise price of $1.00 for a period of thirty-six months [2]. - The Offering was completed under the "listed issuer financing" exemption, meaning the securities issued are not subject to a hold period under Canadian securities laws [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated to developing the Company's direct lithium extraction technology, scaling up lithium carbonate production, providing product samples to potential customers, and for general working capital [4]. Group 3: Company Overview - LibertyStream is focused on becoming one of North America's first commercial producers of lithium carbonate from oilfield brine, leveraging management's hydrocarbon experience to deploy proprietary technology [6]. - The Company aims to operate efficiently and transparently, with a commitment to creating long-term, sustainable shareholder value [6].