Volt Lithium Announces $5 Million Marketed Public Offering of Units and $1.1 Million Concurrent Private Placement of Units

Quick Summary:

CALGARY, Alberta, Nov.11, 2024 (GLOBE NEWSWIRE) -- Volt Lithium Corp.(TSXV:VLT) ("Volt" or the "Company") is pleased to announce that it has entered into an engagement letter with Canaccord Genuity Corp.("Canaccord Genuity" or the "Agent") pursuant to which the Canaccord Genuity has agreed to lead, on a "best-efforts" marketed basis, a public offering (the "Offering") of up to 16,200,000 units of the Company (the "Units") at a price of $0.31 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of up to $5,000,000.

The Concurrent Private Placement

In addition to the Offering, the Company intends to issue to certain accredited investors, on a private placement basis, concurrent with the closing of the Offering, up to approximately 3,550,000 Units at the Offering Price for gross proceeds to the Company of up to approximately $1,100,000 (the "Concurrent Private Placement").  The Agent will receive up to 3% of the gross proceeds of the Units sold to purchasers under the Concurrent Private Placement and that number of Broker Warrants exercisable at any ...

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesCanada

Topics: News Press Releases IPOs TSXV:VLT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 22:16:56 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1611 words

Reading Time: 9 minutes read

Sentences: 38 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23534157

View Article Analysis

About Benzinga

Main Topics: InvestingBusiness

Official Website: benzinga.com

Update Frequency: 1 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 20 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #54

Publisher Details

Frequently Asked Questions