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    Home»Mining & Resources»Non-Brokered Private Placement Announced by Weekapaug Lithium
    Mining & Resources

    Non-Brokered Private Placement Announced by Weekapaug Lithium

    Alexander LeeBy Alexander LeeSeptember 14, 2024Updated:September 14, 2024No Comments2 Mins Read
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    On September 13, 2024, a Canadian mineral exploration company, Weekapaug Lithium Ltd., announced a non-brokered private placement of units at a price of $0.03 per unit, with minimum and maximum aggregate gross proceeds of $500,000 and $700,000, respectively. The offering, known as the LIFE Offering, will consist of common shares and warrants. The net proceeds from the offering will be used for property development, general working capital, and debt repayment, in accordance with CSE policies.

    The Company may compensate eligible finders with a cash commission and finder’s warrants. The offering may be completed in multiple closings, with the final closing expected by October 28, 2024. Securities issued in the offering will not be subjected to statutory hold periods as per Canadian securities laws.

    Interested investors can access the offering document on the Company’s profile at www.sedarplus.ca and the Company’s website at www.weekapaug.ca. It is important to note that the securities offered have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States without proper registration or exemption.

    Weekapaug Lithium Ltd. is focused on exploring and developing its properties in Northern Ontario, Canada. The press release also contains forward-looking statements, outlining the Company’s expectations and plans for the future, along with associated risks and uncertainties. Investors are advised to carefully consider these factors before making any investment decisions.

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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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