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Canada Lithium Completes $15 Million Offering; Shares Down 1.5%

Canada Lithium Corp. (CLQ.TO) has closed its previously announced public offering for aggregate gross proceeds of approximately $15 million.

Net proceeds of the Offering to will be used to fund the initial stages of several previously announced capital projects, to conduct preliminary bench-scale pilot plant work and preliminary engineering in the context of a feasibility study for its lithium metal pilot plant and for working capital purposes during the commissioning stages of the Québec Lithium Project.

Shares are down 1 cent to 66 cents mid-morning.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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