Vision Lithium Announces Closing of Flow-Through Private Placement

Core Viewpoint - Vision Lithium Inc. has successfully completed a non-brokered private placement of 14 million common shares, raising gross proceeds of $280,000, aimed at funding eligible Canadian exploration expenses related to its projects in Quebec [1][2]. Group 1: Offering Details - The private placement involved the issuance of 14,000,000 flow-through shares at a price of $0.02 per share, resulting in total gross proceeds of $280,000 [1]. - The funds raised will be allocated to qualifying expenditures defined under the Income Tax Act (Canada) for critical mineral mining [2]. - A cash commission of $16,800 was paid to a finder, representing 6.0% of the proceeds, along with 840,000 non-transferable broker warrants, also at 6.0% of the shares sold [3]. Group 2: Securities and Regulations - All securities issued under the offering are subject to a hold period of four months and one day, expiring on April 23, 2026, and are pending final acceptance from the TSX Venture Exchange [4]. - The securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without proper registration or exemption [5]. Group 3: Company Overview - Vision Lithium Inc. is a junior exploration company focused on high-quality mineral assets, including lithium and copper, in Canada [6]. - The company is led by experienced professionals with expertise in the battery materials market, particularly driven by lithium-ion batteries [6]. - Vision Lithium has completed a Preliminary Economic Assessment (PEA) on its Sirmac lithium project in 2023 and is committed to developing its advanced lithium properties in Quebec and Manitoba [6].