Breaking News: Vision Lithium Successfully Closes Flow-Through Private Placement!
Val-d’Or, Quebec–(Newsfile Corp. – December 31, 2024) –
Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the “Company” or “Vision Lithium”) is pleased to announce the completion of a non-brokered private placement of 16,666,666 common shares in the capital of the Company, each qualifying as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Quebec) (the “Flow-Through Shares”), at a price of $0.03 per share for aggregate gross proceeds of $500,000 (the “Offering”).
The gross proceeds from the Offering will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through critical mineral mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Company’s projects in Quebec.
How will this affect me?
As an investor, the successful closing of the flow-through private placement by Vision Lithium can potentially signal positive developments for the company. This influx of funds can be used to further exploration and development activities, which may lead to future growth and potentially increased value for shareholders.
How will this affect the world?
The completion of the private placement by Vision Lithium signifies continued investment and support for critical mineral mining projects in Quebec. This can have positive implications for the local economy, job creation, and the development of a domestic supply chain for essential minerals, contributing to the sustainable growth of the mining industry.
Conclusion:
The successful closure of the flow-through private placement by Vision Lithium marks a significant milestone for the company and highlights ongoing interest in the exploration and development of critical minerals. This not only benefits investors but also has broader positive implications for the mining sector in Quebec and beyond.
