NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Receives Additional $426,000 to Proceeds of $1 Unit Offering
Apr 16, 2019
Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) on Monday announced its receipt of subscriptions for a further $426,000 of the company’s $1.00 unit offering. According to the update, Standard Lithium has accepted the subscriptions and has issued 426,000 units, each at price of $1.00, with each unit consisting of one company common share and one-half-of-one common share purchase warrant (each whole warrant, a “warrant”). Holders of each warrant are entitled to acquire one additional common share of the company, at a price of $1.30 per share, for a period of thirty-six months and subject to adjustment in certain events.
To view the full press release, visit http://nnw.fm/nrV2V
About Standard Lithium Ltd.
Standard Lithium is a specialty chemical company focused on unlocking the value of existing large-scale U.S.-based lithium-brine resources. The company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage (resource, political, geographic, regulatory and permitting), and by leveraging advances in lithium extraction technologies and processes. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations utilizing the company’s proprietary selective extraction technology. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. For more information, visit the company’s website at www.StandardLithium.com.
NOTE TO INVESTORS: The latest news and updates relating to STLHF are available in the company’s newsroom at http://nnw.fm/STLHF
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