On November 23, 2023, Li3 Lithium Corp. closed the transaction. The company issued 3,400,000 units at an issue price of CAD 0.05 per Unit for the gross proceeds of CAD 170,000. Each Unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one Common Share for CAD 0.10 at any time within 18 months after closing. All securities issued pursuant to the Private Placement will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The transaction included participation from certain insiders for CAD 30,000 for 600,000 Units in the Private Placement on the same basis as other participants.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 10 placees and 2 existing insiders for 600,000 units.