Mr. Yves Rougerie reports
CORRECTION - VISION LITHIUM COMPLETES PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $3.6-MILLION
Vision Lithium Inc. has corrected its news release dated April 21, 2021, to correct the finders' fees paid in connection with the private placement detailed therein.
The company paid certain eligible third parties dealing at arm's length with the company: (i) cash commissions totalling $260,690.39, representing 8 per cent of the proceeds raised from subscribers introduced to the company by such finders; and (ii) an aggregate of 1,186,775 non-transferable broker warrants, representing 8 per cent of the number of flow-through units and non-flow-through units sold to such subscribers, each exercisable to acquire one common share of the company for two years from the date of issuance at the same exercise price of the common share purchase warrants comprising the units in respect of which the broker warrants were issued.
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