E3 Lithium Raises $12.18 Million in Bought Deal Offering
E3 Lithium Ltd. has announced the partial exercise of an over-allotment option related to its recent public offering. The company issued an additional 1,000,000 common shares at $1.07 per share and 761,250 warrants at $0.26 per warrant, raising gross proceeds of $1,267,925. Each warrant entitles the holder to acquire one common share at C$1.50 until October 14, 2028. The offering was led by TD Securities Inc. and Roth Canada Inc., with additional participation from ATB Securities Inc. and Stifel Nicolaus Canada Inc. The company has also applied to list a total of 5,836,250 warrants on the TSX Venture Exchange under the symbol ETL.WT, with trading expected to begin on November 5, 2025.
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