TSX-V-listed minerals explorer Li-FT Power (LIFT) has closed a previously announced offering of 1.44-million shares at A$8.65 a flow-through share, generating C$12.43-million.
The proceeds include the full exercise of the option granted to the agents to sell up to an additional 187 500 flow-through shares.
LIFT owns lithium pegmatite projects located in Canada, with its flagship project being the Yellowknife project, located in the Northwest Territories. LIFT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali project in Northwest Territories within the Little Nahanni Pegmatite Group.