1AJ2) (the " Company " or " Vision Lithium
VISION LITHIUM ANNOUNCES FLOW-
THROUGH PRIVATE PLACEMENT
/NOT FOR DISTRIBUTION TO U.S. NEWS
WIRE SERVICES OR FOR DISSEMINATION IN
THE
UNITED
STATES/
VAL-D'OR, QC
,
Dec. 23, 2024
/CNW/ - Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (FSE:
1AJ2) (the "
Company
" or "
Vision Lithium
") is pleased to announce a proposed non-brokered flow-
through private placement for minimum aggregate gross proceeds of
$500,000
and maximum
aggregate gross proceeds of
$750,000
(the "
Offering
"). The Offering will consist of a minimum of
16,666,666 common shares and a maximum of 25,000,000 common shares of the Company at a
price of
$0.03
per share (the "
Flow-Through Shares
"), each qualifying as a "flow-through share"
within the meaning of subsection 66(15) of the
Income Tax Act
(
Canada
) and section 359.1 of
the
Taxation Act
(
Quebec
).
The gross proceeds from the Offering will be used by the Company to incur eligible "Canadian
exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" as such
terms are defined in the
Income Tax Act
(
Canada
) (the "
Qualifying Expenditures
") related to the
Company's projects in
Quebec
. All Qualifying Expenditures will be renounced in favour of the
subscribers of the Flow-Through Shares effective
December 31, 2024
.
Yves Rougerie
, President and CEO of the Company, commented, "Proceeds from this placement
will go towards exploration of our Sirmac property lithium and cesium targets we have developed
over the past year. The recent high grade cesium discovery on the property with values as high as
1.94% Cs2O (ref.
December 02, 2024
release) will require further geophysics, ground prospecting,
geological mapping, trenching and sampling to develop this new and very exciting target. Work is
also planned for the known lithium rich areas of the property in search of new discoveries."
All securities issued under the Offering are subject to a hold period of four months and one day from
their date of issuance. The Offering remains subject to the acceptance of the TSX Venture
Exchange (the "
TSXV
"). The Company may pay finder's fees in accordance with TSXV policies.
The offered securities have not been registered under the U.S. Securities Act of 1933, as amended,
and may not be offered or sold in
the United States
absent registration or an applicable exemption
from the registration requirements. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such
offer, solicitation or sale would be unlawful.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on exploring and developing high quality
mineral assets including lithium and copper in
Canada
. The Company is led by skilled and qualified
mineral exploration experts and business professionals with a deep understanding of the battery
materials market, which is driven by lithium-ion batteries. Vision Lithium completed a PEA on its
Sirmac lithium project in 2023. The PEA is available on the Company's website
at www.visionlithium.com and on SEDAR+. The Company is committed to discovering new, world-
class assets and bringing these assets to production, starting with its advanced Sirmac lithium
property in Québec and Godslith lithium property located in
Manitoba
, and a group of base metal
rich Ni-Cu-Co and/or Cu-Zn-Ag-Au properties in eastern Québec and
New Brunswick
.
For further information on the Company, please visit our website at
www.visionlithium.com
or contact
us at
.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news
release contains "forward-looking information" within the meaning of applicable Canadian securities
legislation based on expectations, estimates and projections as at the date of this news release.
Forward-looking information involves risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ materially from those expressed
or implied by such forward-looking information. Forward-looking information in this news release
includes, but is not limited to, the use of proceeds; the timing and ability of the Company, if at all, to
obtain final acceptance of the Offering from the TSXV; the tax treatment of the Flow-Through
Shares; objectives, goals or future plans; and statements regarding exploration plans. Factors that
could cause actual results to differ materially from such forward-looking information include, but are
not limited to, capital and operating costs varying significantly from estimates; delays in obtaining or
failures to obtain required governmental, environmental or other project approvals; changes in equity
markets; fluctuations in commodity prices; delays in the development of projects; other risks involved
in the mineral exploration and development industry; and those risks set out in the Company's public
documents filed on SEDAR+ at
www.sedarplus.ca
. Although the Company believes that the
assumptions and factors used in preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the
date of this news release, and no assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise,
other than as required by law.
SOURCE
Vision Lithium inc.
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For further information:
For additional information regarding the Offering, please contact: Victor
Cantore, Executive Chairman, Tel: 514-831-3809, Email: [email protected]; Yves
Rougerie, President and Chief Executive Officer, Tel: 819-316-0474, Email:
CO: Vision Lithium inc.
CNW 07:30e 23-DEC-24