NTTHF - Neo Lithium to raise C$30M capital via bought deal private placement financing

Neo Lithium (NTTHF) entered into an agreement with Stifel GMP, on its own behalf and on behalf of syndicate of underwriters, post which underwriters agreed to purchase on a bought deal private placement basis 9.9M special warrants at C$3.05/warrant for gross proceeds of C$30.2M.Net proceeds to be used for funding development work at the 3Q Lithium Project located in Catamarca, Argentina and for general corporate purposes; also to advance the construction of the concentration pond system at a commercial scale with a view to accelerating future production from the 3Q Project.Offering scheduled to close on Feb.10.

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Neo Lithium to raise C$30M capital via bought deal private placement financing