trending Market Intelligence /marketintelligence/en/news-insights/trending/Y9Tf8I1HgujVtsXJswYwgg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Neo Lithium raising C$20M for Tres Quebradas property in Argentina

Blog

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Essential Metals & Mining Insights, April 2021

Blog

Global M&A Infographic Q1 2021


Neo Lithium raising C$20M for Tres Quebradas property in Argentina

Neo Lithium Corp. on Jan. 30 said it entered an agreement with a syndicate of underwriters, led by Sprott Capital Partners, for a bought-deal offering of 18,181,819 units at C$1.10 apiece to raise gross proceeds of C$20 million.

Each unit consists of 1 common share and 0.5 of a share purchase warrant, with each whole warrant exercisable at C$1.40 per share for 18 months from closing.

Neo Lithium will use the proceeds to advance its early stage Tres Quebradas lithium project in Catamarca, Argentina, and for working capital.

The company expects to close the offering by Feb. 22, subject to various conditions including approval of the TSX Venture Exchange.