Standard Lithium Ltd. (the “Company”) (TSXV: SLL) is pleased to announce that it has received subscriptions for a further $426,000 of the Company’s $1.00 unit offering. The Company has accepted these subscriptions, and has issued 426,000 units (each, a “Unit”) at price of $1.00 per Unit. Each “Unit” consists of one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a “Warrant”). Each “Warrant” entitles the holder to acquire one additional common share of the Company at a price of $1.30 per share, subject to adjustment in certain events, for a period of thirty-six months.
The Units were offered by the Company on a non-brokered private placement basis, and are subject to a four-month-and-day statutory hold period in accordance with applicable securities laws. No fees or commissions were paid in connection with the acceptance of these additional subscriptions.