On March 9, 2021, United Lithium Corp. completed a brokered private placement of 13,939,394 special warrants at a price of $0.66 per special warrant for aggregate gross proceeds of approximately $9.2 million. Each special warrant is exercisable, for no additional consideration at the option of the holder, into one unit, with each unit comprised of one common share and one half of one warrant. All unexercised special warrants will automatically be exercised on the date that is the earlier of (i) six months and a day following March 9, 2021, and (ii) the third business day after a receipt is issued for a final prospectus. Mackie Research Capital Corporation acted as agent and sole bookrunner.
Cassels acted for United Lithium.