On December 10, 2021, Alpha Lithium Corporation (TSX.V: ALLI) (OTC: APHLF) (Frankfurt: 2P62) (“Alpha”), announced the completion of it short form prospectus offering, on a bought deal basis, for gross proceeds of $25,012,500. The Offering was conducted by Echelon Capital Markets (the “Underwriter”).
A total of 25,012,500 Units of the Company at a price per Unit of $1.00 (the “Offering”) were issued, inclusive of the exercise of the over-allotment option in its entirety. 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 being exercisable into one additional common share of the Company for a period of 24 months from the date of closing at an exercise price of $1.45.
Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars.
Miller Thomson advised Alpha Lithium with a team led by Brian Fast (Capital Markets) and comprised of Ashley Ainsley, Elizabeth Holden (Capital Markets), Thomas Ghag and Regan O’Neil (Corporate Tax).
