IRW-Press: United Lithium Corp.: United Lithium Corp. 2 Announces termination of private employment with 9.2 million special warrants
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Vancouver, British Columbia – 9. Mars 2021 – United Lithium Corp. (CSE: ULTH;
OTC: ULTHF; FWB: 0UL) (Company) is pleased to announce that the company has previously announced (see February 12, 2021 newsletter) in the form of best efforts private employment (offerings) with 13,939,394 releases. Total income entered Special Warrants (Special Warrants) at Special Price (Offer Price) 66 0.66 for 200 9,200,000.04.
Each special warranty can be executed at the owner’s own discretion against one unit of the company (one unit at a time), with each unit having a common stock (one common stock) and a half warranty share (one full warranty per warranty) to buy a common one. The owner is entitled to purchase one common share (one warrant share) for each 24-month period ending March 8, 2021 (at the end of the transaction) at $ 0.85 per warrant share.
Special warrants (final prospectus), a preliminary prospectus for the preparation of units for the file (at the discretion of the company may take the final basic prospectus and associated sub-format) all commercially reasonable endeavors used by the Company. Receipt approval for each bond regulator in every province of Canada except Quebec where special guarantees are sold.
If the company does not receive the confirmation of receipt of the final prospectus within one hundred and twenty (120) days after the completion of the transaction, the holder of each untrained special warrant is entitled to one and ten (1.10) units (instead of one unit); Thereafter, after the expiration of the additional thirty (30) day period prior to the eligibility date (as defined below), each special warrant can be applied for an additional 0.02 units.
(I) Six (6) months and one day after the completion of the transaction or (ii) All (special qualifications) occurring on the 3rd business day after the confirmed issuance Receipt of the final prospectus that will be automatically applied (eligibility date) by the previous date.
Maggie Research Capital Corporation (Broker) acted as broker and sole book runner in connection with the supply under a brokerage agreement (brokerage agreement) between the company and the broker.
Considering the performance of the agent in relation to the offer, the company paid a total of 1 361,313.74 in cash and issued a total of 547,445 non-convertible compensation options (compensation options). Each indemnity option entitles the owner to purchase one unit (a indemnity option unit) at a fitness price per indemnity option unit corresponding to the offer price for a period of 24 months after the transaction is completed. Considering the consulting services provided in connection with the offering, the company also paid a total of 4 144,525.49 consulting fees and issued a total of 218,978 consulting options (consulting options). Each consulting option entitles the owner to purchase one unit (one consulting unit) at a fitness price per consulting unit corresponding to the offer price within 24 months of the completion of the transaction.
If the date of eligibility occurs before the compensation option or advisory option is used by the addressee, each compensation option and each consulting option will be eligible for one (1) unit (or one and one tenth (1.10)), if applicable, within one hundred and twenty (120) days of the completion of the transaction for receipt of the final prospectus. No confirmation was received, after which 30 days before eligibility a further 0.02 units.date).
The net income of the offering will be used as working capital and to finance future acquisition opportunities for public enterprise purposes.
Bonds issued as part of an offering are subject to a holding period of four months from the expiration date, before regulating the allocation of units based on special warrants and considering the operation of special warrants. Further restrictions according to the law of transaction and applicability.
This press release does not require an offer to buy or sell, and no sale of bonds in any state where such offer, request or sale is illegal. Issued securities may not be registered under the United States Securities Act of 1933 as amended (U.S. Securities Act) or may not be registered in the United States or be properly exempted from registration obligations. U.S. Securities are not provided or sold by law or in the account or for the benefit of American persons. U.S. securities are used by the U.S. and the American person for regulatory s purposes of law.
To the Board of Directors
+1 (604) 259-0889
Uber United Lithium Corp.
United Lithium Corp. (CSE: ULTH) is a research and development organization driven by the global demand for lithium. The company’s main focus is on lithium projects in politically stable legal areas with well-developed infrastructure because they provide the opportunity for quick and inexpensive research, development and production.
The company’s consolidated financial statements and related administrations are available for discussion and analysis at its SEDAR profile on the company’s website at www.leadingedgematerials.com or www.sedar.com.
This press release contains forward-looking information within the meaning of applicable bond laws, but they are not limited to reports on the expected completion of the acquisition, the launch and completion of the project and the activities and plans of the company. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no guarantee that these expectations will prove to be correct. Readers are warned not to place unnecessary reliability on forward looking information. Such perspective statements are subject to risks and uncertainties whose actual results, performance, and improvements may differ materially from those contained in these statements, among other things, depending on whether the acquisition was planned or not; The project was not planned or implemented; The company will not carry out further research activities on this project; The Company does not prepare a resource, technical or other geographical report on the project; And the company may not be able to execute its business plans as expected. Except as required by law, the Company explicitly denies any obligation and does not wish to update forward-looking reports or information in this press release. The statements in this press release talk about the date of this press release.
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