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Canada Lithium Corp. Closes Private Placement
posted on
Jun 01, 2009 01:31PM
June 1, 2009
Canada Lithium Corp. Closes Private Placement
TORONTO, ONTARIO--(Marketwire - June 1, 2009) - Canada Lithium Corp. (TSX VENTURE:CLQ) is pleased to announce the completion of a non-brokered private placement of 25,000,000 common shares at a price of $0.16 per common share for aggregate gross proceeds of $4,000,000. The securities issued are subject to a four month hold period.
An aggregate of $246,820 in finder's fees and warrants to purchase 1,498,875 shares at an exercise price of $0.25 for a period of one year were issued to Primary Capital Inc., PowerOne Capital Markets Limited, Octagon Capital Corporation, Jordon Capital Markets Inc., CIBC Wood Gundy, Canaccord Capital Corporation and 1259603 Alberta Inc.
