Lithic Announces Private Placement
19 Juli 2012 - 10:41PM
Marketwired Canada
THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE
SECURITIES HEREIN
Lithic Resources Ltd. (TSX VENTURE:LTH) (the "Company") wishes to announce that
it has agreed to a non-brokered private placement by a small group of strategic
investors. The placement consists of 14.5 million common shares at a price of 5
cents per share for gross proceeds of $725,000. There is no commission payable.
Closing of the financing is expected to occur on or before July 27, 2012 and is
subject to all regulatory approvals, including the approval of the TSX Venture
Exchange. The securities issued in connection with the financing will bear a
four-month restriction on resale from the completion date. Proceeds of the
placement will be used for general corporate purposes.
LITHIC RESOURCES LTD.
C.F. Staargaard, President and CEO
Lithium Ionic (TSXV:LTH)
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