03:32 PM EST - Canada Lithium Corp. : announced today that it has entered into an agreement with a syndicate of underwriters led by Casimir Capital Ltd., and including Mackie Research Capital Corporation, Scotia Bank Limited, Dundee Securities Ltd. and Fraser Mackenzie Limited, to purchase, on a bought-deal basis, 27,397,260 common shares of Canada Lithium at a price of $0.73 per common share for aggregate gross proceeds of approximately $20 million. In addition, the Company has granted the Underwriters an option to purchase up to an additional 4,109,589 common shares at the Offering Price, exercisable at any time prior to the 30th day after the closing of the offering, for additional gross proceeds of up to approximately $3 million. Canada Lithium Corp.
shares T.CLQ are trading down $0.05 at $0.71.
