Lithium South 5,336,667-share private placement

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.