Rodinia Lithium Announces Private Placement Financing
TORONTO, ONTARIO--(Marketwired - Mar 10, 2014) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX-VENTURE:RM)(OTCQX:RDNAF), announces that it intends to complete a non-brokered private placement financing of units of the Company (the "Units") at a price of $0.05 per Unit for minimum gross proceeds of $500,000. Each Unit shall consist of one common share of the Company (a "Common Share") and one common share purchase warrant (each a "Warrant"), entitling the holder to acquire a Common Share at $0.10 for a period of 24 months from the date of issuance.
The Company intends to use the net proceeds to continue development of its Salar de Diablillos lithium-potash property located in Salta Province, Argentina and for general working capital purposes. Will Randall, President and CEO of Rodinia, stated, "We expect that these funds will allow us to complete the hydrogeology work for the updated National Instrument 43-101 compliant mineral resource estimate, which will feed into the completion of the Feasibility Study on the property."
The Company may, subject to additional interest received, increase the size of the private placement to include other existing and new accredited investors. Interested investors are invited to contact the Company as follows:
William Randall Aaron Wolfe
President & CEO Vice-President, Corporate Development
+1 (416) 309-2697 +1 (416) 309-2696
The Common Shares, Warrants and shares underlying the Warrants will be subject to a four month and one day statutory hold period. Closing of the private placement transaction remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. The private placement will be non-brokered; however, the Company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in Argentina. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the private placement financing, anticipated timing and results of the development of the Diablillos property and the ability of the Company to complete a strategic transaction. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX-VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com
Recent DEFTF News
- Form F-X/A - Appointment of Agent for Service of Process and Undertaking: [Amend] • Edgar (US Regulatory) • 09/16/2024 01:27:55 PM
- Form 40FR12B - Registration of a Class of Securities of certain Canadian issuers [Section 12(b)] • Edgar (US Regulatory) • 09/16/2024 10:47:04 AM
- Form RW - Registration Withdrawal Request • Edgar (US Regulatory) • 09/11/2024 09:00:03 PM
- Worldcoin Surges on Regulatory Wins, MicroStrategy Expands BTC Holdings, and More Crypto News • IH Market News • 06/20/2024 06:35:23 PM
- Crypto: SushiSwap Launches Sushi Labs with New Council Structure, PancakeSwap Introduces Gas-Free Transactions • IH Market News • 06/11/2024 06:05:42 PM
- Shares of DeFi Firm Trading Up in Late Day Action • AllPennyStocks.com • 06/03/2024 08:30:00 PM
- Shares Up as Firm Launches First Short Spot Bitcoin ETP in the Nordics • AllPennyStocks.com • 04/18/2024 04:55:00 PM
- Will ETP Launch Send Shares of this DeFi Firm Higher? • AllPennyStocks.com • 03/18/2024 01:50:00 PM
- DeFi Firm Announces Market Share Increase and AUM Growth • AllPennyStocks.com • 11/13/2023 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM