Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) today
indicated that it has closed its previously announced bought deal offering,
including partial exercise of the over-allotment option. According to the
update, a total of 11,390,500 company units were issued at a price of $1.00
each for gross proceeds of $11,390,500. Each unit consists of one common share
and one-half of one common share purchase warrant of the company (each whole
common share purchase warrant). Until March 21, 2022, each warrant is
exercisable to acquire one common share of the company at an exercise price of
$1.30 per share, subject to adjustment in certain events.
To view the full press release, visit http://ibn.fm/IvPwR
About Standard Lithium Ltd.
Standard Lithium is a specialty chemical company focused on
unlocking the value of existing large-scale U.S.-based lithium-brine resources.
The company believes new lithium production can be brought on stream rapidly by
minimizing project risks at selection stage (resource, political, geographic,
regulatory and permitting), and by leveraging advances in lithium extraction
technologies and processes. The company’s flagship project is located in
southern Arkansas, where it is engaged in the testing and proving of the
commercial viability of lithium extraction from over 150,000 acres of permitted
brine operations utilizing the company’s proprietary selective extraction
technology. The company is also pursuing the resource development of over
30,000 acres of separate brine leases located in southwestern Arkansas and
approximately 45,000 acres of mineral leases located in the Mojave Desert in
San Bernardino County, California. For more information, visit the company’s
website at www.StandardLithium.com.
NOTE TO INVESTORS: The latest news and updates
relating to STLHF are available in the company’s newsroom at http://ibn.fm/STLHF
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