The agreement is with Clarus Securities and involves the private placement of up to about 15.63 million shares to be priced at C$1.60 per share.
The company's share price was C$1.66 on 20 September with a market capitalisation of C$167.32 million.
Lithium Ionic has launched a “best efforts” private placement aimed at raising up to C$25 million (US$18.7 million) to be used towards exploration and development work on the company’s Itinga project in Minas Gerais Province, Brazil.
The agreement is with Clarus Securities and involves the private placement of up to about 15.63 million shares to be priced at C$1.60 per share.
The company's share price was C$1.66 on 20 September with a market capitalisation of C$167.32 million.
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