Lithium Ionic Announces Closing of Underwritten Financing
Counsel to Lithium Ionic Corp.
Lead by
Mack Hosseinian
Brandon Meyer
Joshua Davis
On July 31, 2023, Lithium Ionic Corp. (“Lithium Ionic” or the “Company”) (TSXV:LTH) announced that it has closed its underwritten private placement financing, including the exercise in full of the underwriters’ over-allotment option. A total of 13,690,635 common shares of the Company were issued at a price of $2.10 per common share for aggregate gross proceeds of $28,750,334.
The Offering was led by Clarus Securities Inc. and Canaccord Genuity Corp., as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters that included Desjardins Securities Inc.
Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil.
Miller Thomson advised Lithium Ionic with a team comprised of Mack Hosseinian, Brandon Meyer and Joshua Davis (Corporate/M&A); as well as Armando Ranjbar (Student).