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Consolidated Lithium Metals Announces Update to Private Placement Financing
Globenewswire· 2026-03-06 01:30
Core Viewpoint - Consolidated Lithium Metals Inc. (CLM) is amending its non-brokered private placement offering to raise up to $18,070,000 for exploration and mining expenditures related to its Kwyjibo Rare Earth Project and lithium properties [1][5]. Offering Details - The amended offering will consist of three types of securities: LIFE Units, Critical FT Shares, and Charity FT Units, with specific pricing and gross proceeds targets for each type [6]. - Each LIFE Unit will be priced at $0.08, aiming for up to $2,500,000 in gross proceeds, while Critical FT Shares will be priced at $0.096 for up to $6,000,000, and Charity FT Units at $0.12 for up to $9,570,000 [6]. - The offering is expected to close around March 17, 2026, or on a date determined by the company [2]. Use of Proceeds - The gross proceeds from the offering will be allocated for exploration expenses, critical mineral mining expenditures, and general corporate purposes [5]. - The company plans to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" related to the Kwyjibo Project and its lithium properties [5]. Regulatory Compliance - The offering will be conducted under the Listed Issuer Financing Exemption and other exemptions from Canadian prospectus requirements, ensuring compliance with regulatory standards [4]. - The company will ensure that the total number of securities issued under the Listed Issuer Financing Exemption does not exceed 50% of its outstanding listed equity securities [4]. Company Overview - CLM is a Canadian junior mining exploration company focused on critical mineral projects, trading on the TSX Venture Exchange, Frankfurt Stock Exchange, and OTCQB [10]. - The company is committed to supporting the energy transition through responsible development of critical mineral supply chains [10].
Questcorp Mining Provides Update on Private Placement
Newsfile· 2025-10-06 07:15
Core Viewpoint - Questcorp Mining Inc. has revised the terms of its non-brokered private placement, aiming to raise up to $3,500,000 through the issuance of two types of units: AI Units and LIFE Units [1][4]. Group 1: Offering Details - The Company will offer up to 7,500,000 AI Units at a price of $0.20 each, targeting gross proceeds of up to $1,500,000 under the Accredited Investor Exemption [1]. - Additionally, up to 11,111,112 LIFE Units will be offered at a price of $0.18 each, aiming for gross proceeds of up to $2,000,000 under the Listed Issuer Financing Exemption [1]. - Each AI Unit consists of one common share and one-half of a share purchase warrant, with the full warrant allowing the purchase of an additional share at $0.30 for 24 months [2]. - Each LIFE Unit also consists of one common share and one-half of a share purchase warrant, with the full warrant allowing the purchase of an additional share at $0.24 for 24 months [3]. Group 2: Use of Proceeds - The proceeds from the Offering are intended for ongoing exploration and drilling at the La Union Gold and Silver Project, upcoming exploration at the North Island Copper Property, and general working capital [4]. Group 3: Company Background - Questcorp Mining Inc. focuses on acquiring and exploring mineral properties in North America, specifically targeting precious and base metals [7]. - The Company holds options to acquire 100% interests in the North Island Copper Property (1,168.09 hectares) in British Columbia and the La Union Project (2,520.2 hectares) in Mexico, both subject to royalty obligations [7].