TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV:LTH, OTCQB:LTHCF, FSE: H3N)) ("Lithium Ionic" or the "Company") announces that as a result of strong investor demand, it has upsized its previously announced non-brokered private placement (the "Upsized Offering") announced on September 22, 2025. The Upsized Offering will now consist of up to 21,428,571 units (the "Units") at $0.70 per Unit for gross proceeds of up to $15,000,000.
Each Unit will be comprised of one common share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.90 per Common Share for a period of 24 months following the completion of the Upsized Offering. Securities issued under the Upsized Offering are expected to carry a hold period of 4 months and one day from the date of issue as may be required under applicable securities laws.
The Company plans to use the aggregate net proceeds of the Upsized Offering for exploration and development of its Brazilian properties and general corporate purposes.
The first tranche of the Upsized Offering is scheduled to close on or about September 29, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the ...
