23:10:24 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Standard Lithium Ltd
Symbol SLI
Shares Issued 172,752,197
Close 2024-01-17 C$ 1.82
Market Cap C$ 314,408,999
Recent Sedar Documents

Standard Lithium prospectus offering

2024-01-17 19:48 ET - Prospectus Approved

The company's short form base shelf prospectus dated May 26, 2023, and July 26, 2023, was filed with and accepted by the TSX Venture Exchange, and filed with the U.S. Securities and Exchange Commission (SEC) through a registration statement on Form F-10 relating to the offering. The prospectus supplement dated Nov. 15, 2023, was filed with the securities commissions in each of the provinces of British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Nunavut, and Northwest Territories. A receipt for the prospectus is deemed to have been issued by the regulators in the jurisdictions if the conditions of the Multilateral Instrument 11-102, Passport System, have been satisfied.

Further to an at-the-market (ATM) offering of securities made pursuant to a supplement to the company's prospectus, the exchange has accepted for filing documentation with respect to the sales set out below under the ATM distribution. The company raised aggregate gross proceeds of $306,107 (Canadian) and $3,301,967 (U.S.) pursuant to the ATM distribution during the quarterly period beginning on Oct. 1, 2023, and ending on Dec. 31, 2023, as set out below.

Agents:  Citigroup Global Markets Inc. and Canaccord Genuity LLC

Offering:  100,100 common shares in the capital of the company sold on the exchange (the TSX-V shares) in aggregate during the quarterly period; 1,526,259 common shares in the capital of the company sold on the New York Stock Exchange (the NYSE shares) in aggregate during the quarterly period

Share price:  varying prices during the quarterly period, with an average sale price of $3.06 (Canadian) per TSX-V share and $2.16 (U.S.) per NYSE share

Agents' warrants:  none

Overallotment option:  none

Agents' commissions:  up to 3 per cent of the gross proceeds of the offering, being an aggregate cash payment of $7,653 (Canadian) and $82,549 (U.S.) for the quarterly period

For further information, please refer to the company's prospectus supplement and the news releases dated Nov. 17, 2023, and Jan. 12, 2024, which are available under the company's SEDAR+ and EDGAR profiles.

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