| May 26, 2009 Canada Lithium Corp. Announces Private Placement | |
| Canada Lithium Corp. (TSXV: CLQ) is pleased to announce a proposed non-brokered private placement of up to 25,000,000 common shares at a price of $0.16 per common share for aggregate gross proceeds of up to $4,000,000. Canada Lithium Corp. will pay a finder's fee equal to 7% of the gross proceeds of the offering and will issue broker warrants entitling the holder thereof to acquire common shares equal to 7% of the number of common shares sold, exercisable at a price of $0.25 per common share for a period of one year. The securities issued are subject to a four month hold period. Completion of the private placement is subject to regulatory approval, including satisfaction of the requirements of the TSX Venture Exchange. For more information please contact: Judy Baker, President and CEO (416) 361-2821 Or visit our website at www.canadalithium.com Neither 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. | |
You can view the Next News Releases item: Mon Jun 1, 2009, Canada Lithium Corp. Closes Private Placement You can view the Previous News Releases item: Tue Apr 28, 2009, Canada Lithium Enters Into Marketing Agreement With Japanese Trading House You can return to the main News Releases page, or press the Back button on your browser. |
