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Standard Lithium Completes $21.6 Million Private Placement

Published: 02/16/2018

Team: Sam Cole, Jonathan J. Chandler

On February 16, 2018, Standard Lithium Ltd. closed a bought deal private placement of 10,312,821 units, at a price of $2.10 per unit, for aggregate gross proceeds of approximately $21.6 million. Each unit consists of one common share of Standard Lithium and one-half of one common share purchase warrant. Each warrant is exercisable to acquire one common share of Standard Lithium until February 16, 2020 at an exercise price of $2.60 per warrant share, subject to adjustment in certain events.

Cassels Brock acted for Standard Lithium with a deal team that included Sam Cole and Jonathan Chandler (Securities and Mining).