On December 18, 2020, Standard Lithium Ltd. closed a marketed public offering of 15,697,500 common shares at a price of $2.20 per common share for aggregate proceeds of approximately $34.5 million, which includes the full exercise of the agents’ over-allotment option. The offering was led by a syndicate of agents which included Roth Canada, ULC, Roth Capital Partners, LLC and Echelon Wealth Partners Inc.
Cassels acted for Standard Lithium with a deal team that included Sam Cole, Jennifer Poirier and Samantha Prest (Securities and Mining) and Corinne Grigoriu and Jocelyn Arnason (Tax).