ACME Lithium Announces Flow-Through Financing
ACME Lithium Announces Flow-Through
Financing
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2021) -
ACME Lithium Inc.
(
CSE:
ACME
) (
OTCQB: ACLHF
) (the "Company", or "ACME") is pleased to announce that, subject to
approval of the CSE, it proposes to issue up to 833,334 units (the "Units") at a price of $1.20 per Unit for
aggregate gross proceeds of $1,000,000 through a non-brokered flow-through private placement (the
"Private Placement").
ACME will use the gross proceeds of the Private Placement for exploration at its 100% owned Cat-
Euclid and Shatford Lake lithium projects in southeast Manitoba.
ACME holds 27 claims totaling
approximately 11,803 acres strategically situated in the pegmatite fields of the Bird River Greenstone
Belt (BRGB) in southeastern Manitoba, Canada.
Each Unit will consist of one flow-through common share and one-half of one non-flow through common
share purchase warrant.
Each whole warrant entitles the holder to purchase one additional common
share at a price of $1.50 per share for two years.
The Company may pay a 7% cash and 7% warrant
finder's fee on the gross proceeds raised under the Private Placement.
The closing of the Private Placement and the issuance of the securities in connection therewith is
conditional on the final acceptance of the CSE.
All securities that are issued pursuant to the Private
Placement with be subject to, among other things, a hold period of four months and one day in
accordance to applicable Canadian securities laws.
About ACME Lithium Inc.
Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring,
exploring and developing battery metal projects in partnership with leading technology and commodity
companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located
in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and in southeastern Manitoba.
On behalf of the Board of Directors
Steve Hanson
Chief Executive Officer, President and Director
Telephone: (604) 564-9045
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy
of this news release.
This news release may contain forward-looking information within the meaning of applicable securities
laws ("forward-looking statements"). Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects," "plans," "anticipates,"
"believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not
limited to the exercise of the Option, the undertaking of any expenditures on the Project Claims, including
drilling thereof. These forward-looking statements are subject to a variety of risks and uncertainties which
could cause actual events or results to differ materially from those reflected in the forward-looking
statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related
to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms;
changes in planned work resulting from weather, logistical, technical or other factors; the possibility that
results of work will not fulfill expectations and realize the perceived potential of the Company's
properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated
difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work
program; the risk of environmental contamination or damage resulting from the Company's operations
and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made
and, except as may be required by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a result of new information, future events
or results or otherwise.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
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https://www.newsfilecorp.com/release/107549