trending Market Intelligence /marketintelligence/en/news-insights/trending/egiprfyohsntewzqwgdssg2 content esgSubNav
In This List

Standard Lithium raises C$21.7M to fund asset exploration, development

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


Standard Lithium raises C$21.7M to fund asset exploration, development

Standard Lithium Ltd. said Feb. 16 that it raised about C$21.7 million from a previously announced bought-deal private placement.

The company issued 10,312,821 units at C$2.10 apiece. Each unit consists of 1 share and 0.5 of a share purchase warrant, while each whole warrant is exercisable to acquire an additional share at C$2.60 until Feb. 16, 2020.

Standard Lithium intends to use the proceeds for exploration and development activities at its properties and for general corporate purposes.

The financing was conducted by a syndicate of underwriters led by Canaccord Genuity Corp., as sole book runner and lead underwriter, and including GMP Securities LP.