- Argentina Lithium & Energy ( OTCQB:PNXLF ) has announced a non-brokered private placement financing of up to 24M units at a price of C$0.25/unit for gross proceeds of C$6M .
- Each Unit will consist of one common share and one transferrable common share purchase warrant.
- Each Warrant will entitle the holder thereof to purchase one additional common share in the capital at C$0.40/share for two years from the date of issue.
- The proceeds of the financing will be used for general working capital and exploration on its properties in Argentina.
For further details see:
Argentina Lithium announces non-brokered private placement