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Advantage Lithium Announces Closing Of $1.70 Million Financing

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Advantage Lithium Corp.  (TSX-V: AAL) (OTCQX: AVLIF) is pleased to announce that it has closed its previously announced financing and has issued 4,153,903 common shares  for aggregate gross proceeds to Advantage Lithium of C$1,703,100. The funds will be used for general working capital and to fund on-going exploration and development activities in Argentina.

 

Advantage Lithium reports that Orocobre Limited and an insider of the Corporation have exercised their participation right purchasing 3,843,900 shares for $1,576,000.

 

All Common Shares issued pursuant to the Private Placement will be subject to a hold period of four months and one day from the date of issuance

 

About Advantage Lithium Corp.

Advantage Lithium Corp is focused on developing its 75% owned Cauchari lithium project, located in Jujuy, Argentina.  The Company also owns 100% interest in three additional lithium exploration properties in Argentina: Antofalla, Incahuasi, and Guayatayoc.

 

Posted August 15, 2019

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