Canada Lithium Completes Offering of $27.6 M Convertible Unsecured Subordinated Debentures

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Canada Lithium Corp (CLQ.TO) today announced that it has completed its previously announced private placement, including the exercise in full of the underwriters' option, of convertible unsecured subordinated debentures due 2018 which were issued at par at a price of $1,000 per Debenture for gross proceeds to the Company of $27,556,000.

The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes. CLQ is up 1 cent (1.8%) to 57 cents late near midday.

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This article appears in: Investing , Commodities

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