Vision Lithium closes $280,000 flow-through private placement
Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) announced the completion of a non-brokered private placement raising $280,000 through the sale of 14 million flow-through shares at $0.02 per share.
The company will use proceeds to incur Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures under Canadian tax law for its Quebec projects. All qualifying expenditures will be renounced to subscribers effective December 31, 2025.
Vision Lithium paid a finder a cash commission of $16,800, representing 6% of proceeds from subscribers introduced by the finder, and issued 840,000 non-transferable broker warrants exercisable at $0.05 per share for two years.
Securities issued under the offering are subject to a four-month and one-day hold period expiring April 23, 2026. The placement requires final acceptance from the TSX Venture Exchange.
The Val-d'Or, Quebec-based junior exploration company focuses on lithium and copper assets in Canada, including the Sirmac lithium project in Quebec and Godslith lithium property in Manitoba, along with base metal properties in eastern Quebec and New Brunswick.
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