Standard Lithium Announces Receipt of Additional $426,000 to Proceeds of $1.00 Offering
16 4월 2019 - 4:27AM
Standard Lithium Announces Receipt of Additional $426,000 to
Proceeds of $1.00 Offering
Standard Lithium Ltd. (the “Company”) (TSXV: SLL) is pleased to
announce that it has received subscriptions for a further $426,000
of the Company’s $1.00 unit offering. The Company has
accepted these subscriptions, and has issued 426,000 units (each, a
“Unit”) at price of $1.00 per Unit. Each “Unit” consists of
one common share of the Company, and one-half-of-one common share
purchase warrant (each whole warrant, a “Warrant”). Each
“Warrant” entitles the holder to acquire one additional common
share of the Company at a price of $1.30 per share, subject to
adjustment in certain events, for a period of thirty-six months.
The Units were offered by the Company on a
non-brokered private placement basis, and are subject to a
four-month-and-day statutory hold period in accordance with
applicable securities laws. No fees or commissions were paid
in connection with the acceptance of these additional
subscriptions.
About Standard Lithium Ltd.
Standard Lithium (TSXV: SLL) is a specialty
chemical company focused on unlocking the value of existing
large-scale US based lithium-brine resources. The Company believes
new lithium production can be brought on stream rapidly by
minimizing project risks at selection stage (resource, political,
geographic, regulatory and permitting), and by leveraging advances
in lithium extraction technologies and processes. The Company’s
flagship project is located in southern Arkansas, where it is
engaged in the testing and proving of the commercial viability of
lithium extraction from over 150,000 acres of permitted brine
operations utilizing the Company’s proprietary selective extraction
technology. The Company is also pursuing the resource development
of over 30,000 acres of separate brine leases located in
southwestern Arkansas and approximately 45,000 acres of mineral
leases located in the Mojave Desert in San Bernardino County,
California.
Standard Lithium is listed on the TSX Venture
Exchange under the trading symbol “SLL”; quoted on the OTC - Nasdaq
Intl Designation under the symbol “STLHF”; and on the Frankfurt
Stock Exchange under the symbol “S5L”. Please visit the Company’s
website at www.standardlithium.com.
On behalf of the Board,
Standard Lithium Ltd. Robert Mintak, CEO &
Director
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may contain certain
“Forward-Looking Statements” within the meaning of applicable
Canadian securities laws. When used in this news release, the words
“anticipate”, “believe”, “estimate”, “expect”, “target, “plan”,
“forecast”, “may”, “schedule” and other similar words or
expressions identify forward-looking statements or information.
These forward-looking statements or information may relate to
future prices of commodities, accuracy of mineral or resource
exploration activity, reserves or resources, regulatory or
government requirements or approvals, the reliability of third
party information, continued access to mineral properties or
infrastructure, fluctuations in the market for lithium and its
derivatives, changes in exploration costs and government regulation
in Canada and the United States, and other factors or information.
Such statements represent the Company’s current views with respect
to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and
uncertainties. Many factors, both known and unknown, could cause
results, performance or achievements to be materially different
from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affections such statements and information other than as
required by applicable laws, rules and regulations.
Standard Lithium (TSXV:SLL)
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Standard Lithium (TSXV:SLL)
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