Winnipeg, Manitoba–(Newsfile Corp. – December 29, 2024) – Snow Lake Sources (NASDAQ:) Ltd., d/b/a Snow Lake Vitality (NASDAQ: LI™) (“Snow Lake“or the”Enterprise“), a uranium exploration firm, at the moment introduced the pricing of a public providing of 18,750,000 widespread shares at a public providing worth of US$0.80 per share. All of the shares within the providing are provided by the Firm. Whole (EPA:) The gross proceeds of the providing, earlier than deducting placement agent charges and different providing bills, are anticipated to be roughly US$15,000,000. The providing is anticipated to shut on December 31, 2024, topic to satisfaction of customary closing situations.
The Firm intends to make use of the web proceeds from the providing primarily for working capital and common company functions.
ThinkEquity is appearing as sole placement agent for the providing.
The securities will probably be provided and bought pursuant to a shelf registration assertion on Kind F-3 (File No. 333-272324), together with a base prospectus, filed with america Securities and Alternate Fee (the “SEC “) on June 1st. 2023 and declared efficient on August 9, 2023. The providing will probably be made solely by way of a written prospectus. A prospectus complement and accompanying prospectus describing the phrases of the providing will probably be filed with the SEC on its web site at www.sec.gov. Copies of the prospectus complement and accompanying prospectus referring to the providing may additionally be obtained, when obtainable, from the workplaces of ThinkEquity, 17 State Avenue (NYSE:), 41st Ground, New York, New York 10004.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation or sale can be illegal previous to registration or qualification. underneath the securities legal guidelines of any such state or jurisdiction.
About Snow Lake Sources Ltd.
Snow Lake Sources Ltd., d/b/a Snow Lake Vitality, is a Canadian clear power exploration firm listed on the (NASDAQ: LI™), with a world portfolio of unpolluted power mineral initiatives together with two uranium and two onerous rock lithium initiatives. initiatives. The Black Lake Challenge is an exploration-stage mission positioned within the Athabasca Basin, Saskatchewan, and the Engo Valley Uranium Challenge is an exploration-stage mission positioned on the Skeleton Coast of Namibia. The Shatford Lake Challenge is an exploration-stage mission positioned adjoining to the Tanco tantalum cesium lithium mine in southern Manitoba, and the Snow Lake Lithium™ Challenge is an exploration-stage mission positioned within the Snow Lake area of northern Manitoba.
Snow Lake’s present focus is to advance exploration at its two uranium initiatives to offer the uncooked supplies wanted for the clear power transition and zero-emissions power, whereas exploration actions on its two lithium initiatives will stay restricted till the lithium market recovers. from its present depressed ranges. Be taught extra at www.snowlakeenergy.com.
Ahead-looking statements
This press launch accommodates “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933, Part 21E of the Securities Alternate Act of 1934 and the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995 that are topic to important dangers and uncertainties. All statements, aside from statements of historic truth, contained on this press launch are forward-looking statements, together with, with out limitation, statements relating to Snow Lake Sources Ltd.. We base these forward-looking statements on our expectations and projections about future occasions, which we derive from the data we at present have. Ahead-looking statements contained on this press launch might be recognized by means of phrases resembling “anticipate”, “imagine”, “think about”, “might”, “estimate”, “count on”, “have the intention to”, “search”, “can”, “might”, “plan”, “potential”, “predict”, “mission”, “goal”, “intention”, “ought to”, “will”, “would” ” or the unfavourable type of these phrases or different related expressions, though that not all forward-looking statements comprise these phrases. Ahead-looking statements are based mostly on Snow Lake Sources Ltd.’s present expectations and are topic to inherent uncertainties, dangers and assumptions which are troublesome to foretell. based mostly on assumptions about future occasions that will not show to be correct. Sure of those dangers and uncertainties are described in additional element within the part entitled “Danger Components” in our registration statements and annual experiences filed with. Securities and Alternate Fee. The forward-looking statements contained on this announcement are made as of this date and Snow Lake Sources Ltd. assumes no obligation to replace this data, besides as required by relevant legislation.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/235467
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