Vision Lithium Announces Non-Brokered Private Placement for Gross Proceeds of up to $2,000,000 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
Vision Lithium Announces Non-Brokered
Private Placement for Gross Proceeds of up to
$2,000,000
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE
UNITED STATES
/
VAL-D'OR, QC
,
Nov. 18, 2020
/CNW/ - Vision Lithium Inc. (TSXV: VLI) (OTC PINK: ABEPF) (the
"
Company
" or "
Vision Lithium
") is pleased to announce a proposed non-brokered private
placement of up to 100,000,000 units of the Company (the "
Units
") at a price of
$0.02
per Unit for
aggregate gross proceeds of up to
$2,000,000
(the "
Offering
"). Each Unit will consist of one
common share of the Company (a "
Share
") and one common share purchase warrant (a
"
Warrant
"), with each Warrant entitling the holder thereof to purchase one Share at price of
$0.05
per Share for a period of 3 years following the closing of the Offering.
The Company intends to use the proceeds of the Offering for exploration of certain of its properties
and for general corporate and working capital purposes.
The Company may pay finders' fees in connection with the Offering in cash, shares, warrants or a
combination thereof. All securities to be issued under the Offering will be subject to a hold period of
four months and one day from their date of issuance. The Offering remains subject to the approval
of the TSX Venture Exchange.
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 gold, copper and lithium in safe jurisdictions, primarily in
Canada
. The
Company is led by skilled and qualified mineral exploration experts and business professionals.
Vision Lithium is committed to discovering new world class assets and bringing these assets to
production, starting with the Dôme
Lemieux
copper-zinc property in
Quebec's
Gaspé region, its
polymetallic properties in
New Brunswick
, and the Sirmac lithium property located in
Northern
Quebec
.
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 of the Offering; the timing and ability of the
Company, if at all, to obtain approval of the Offering from the TSX Venture Exchange; 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.sedar.com
. 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.
View original content:
http://www.newswire.ca/en/releases/archive/November2020/18/c7875.html
%SEDAR: 00003760E
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: 819-874-6200, Email:
CO: Vision Lithium Inc.
CNW 20:19e 18-NOV-20