The company increased its financing round by C$75,000 to C$875,000, pricing units at C$0.05 each with warrants included.
LatAm Lithium (LALI:CA) expanded its non-brokered private placement to C$875,000 from C$800,000, citing strong investor interest. The offering is priced at C$0.05 per unit, with each unit comprising one common share and one warrant.
The warrants are exercisable at C$0.065 per share for two years following the closing date. Proceeds will fund working capital and general corporate needs, the company said.
No immediate market reaction was disclosed.