Vancouver, BC – March 1, 2021 – Lithium South Development Corporation (the “Company”) (TSX-V: LIS) (OTCQB: NRGMF) (Frankfurt OGPN) – 2021-03-01 20:49 ET – Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 25, 2021.
Number of shares: 5,336,667 shares
Purchase price: 60 cents per share
Warrants: 5,336,667 share purchase warrants to purchase 5,336,667 shares
Warrant initial exercise price: 80 cents
Warrant term to expiry: five years
Number of placees: 24 placees
Finders’ fees: PI Financial Corp., $16,531.20 cash and 27,552 warrants; Public Eye Consulting Busche, $12,703.78 cash and 21,173 warrants; Nathan Rotstein, $175,095.60 cash and 291,826 warrants; Canaccord Genuity Corp., $40,869.44 cash and 68,116 warrants
Finder’s warrant initial exercise price: 80 cents
Finder’s warrant term to expiry: five years
Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.