Lithium South Development (TSE:LIS) has released an update.
Lithium South Development Corporation has successfully concluded a non-brokered private placement, raising $3.9 million by issuing over 13 million units at $0.30 each. The funds will fuel the advancement of their HMN Lithium Project in Argentina and bolster general working capital. Finder’s fees and advisory fees were paid in cash and warrants, with final approval pending from the TSX Venture Exchange.
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