Li3 Lithium Corp. announced a non-brokered private placement of up to 2,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 200,000 on January 9, 2023. Each unit will comprised of one common share and one half of one warrant.

Each whole warrant will entitle the holder to purchase one common share for CAD 0.20 at any time within 2 years after closing. All securities issued pursuant to the transaction will be subject to a four month hold period. Completion of the transaction is subject to receipt of all required regulatory and TSX Venture Exchange approvals.

An insider of the company is expected to acquire directly or indirectly a total of CAD 50,000 worth of units or 500,000 units in the transaction on the same basis as other participants.