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.
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