On March 22, 2023, Li-FT Power Ltd. closed a brokered private placement of 2,602,500 common shares of Li-FT issued on a “flow-through” basis at a price of $13.45 per flow-through share for aggregate gross proceeds of approximately $35 million, which includes the full exercise of the agents’ over-allotment option.
The offering was led by Canaccord Genuity Corp. on behalf of a syndicate of agents.
Cassels acted for the agents.