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Lithoquest Resources Inc.: Lithoquest Announces Second Increase in Previously Announced Non-Brokered Private Placement

Lithoquest Resources Inc.: Lithoquest Announces Increase in Previously Announced Non-Brokered Private Placement to up to $1.5 Million


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VANCOUVER, BC / ACCESSWIRE / June 9, 2021 / Lithoquest Resources Inc. (TSXV:LDI) ( Lithoquest , or the Company ) today announced that due to significant demand, it has increased the size of the previously announced non-brokered private placement (the Offering ) to sell up to 10,000,000 units of the Company (the Units ) at a price of $0.10 per unit and up to 4,000,000 flow-through shares of the Company (the FT Shares ) at a price of $0.125 per FT Share for gross proceeds of up to $1,500,000.
Each Unit will consist of one common share of the Company and one-half warrant (a Warrant ) each whole Warrant entitling the holder thereof to acquire an additional common share (the Warrant Share ) of the Company at an exercise price of $0.15 per Warrant Share for a period of 24 months from the date of issuance. ....

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