Industrial Minerals


Canada Lithium announces $20m bought-deal financing

05 March 2013

by Emma Hughes

Company hopes to raise funds for capital projects; financing to close by month end

Keywords: lithium, Canada Lithium, TSX, Casimir Capital, Mackie Research Capital, Scotia Bank, Dundee Securities, Fraser Mackenzie, Canada

TSX-listed Canada Lithium Corp. has entered into an agreement with a syndicate of underwriters, led by investment bank Casimir Capital Ltd, to purchase, on a bought-deal basis, almost 27.4m of its common shares.

At a price of Canadian dollar (C$) 0.73/ share ($0.75*) the aggregate gross proceeds from the offering are expected to reach approximately C$20m.

Canada Lithium has also granted...