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American Lithium upsizes private placement

15th October 2021

By: Creamer Media Reporter

     

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TSX-V-listed American Lithium has increased the size of its private placement to $35-million to accommodate investor demand.

The company will now offer 13 208 000 units at $2.65 each.

American Lithium previously planned to offer 7 548 000 units for gross proceeds of $20-million.

The gross proceeds of the offering will be used for exploration and development of the TLC project, in Nevada, as well as the Falchani and the Macusani projects in Peru.

Edited by Creamer Media Reporter

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