The Set-off Shares reduce the 15,000,000 Galan collateral shares that Acuity Capital is otherwise required to return to the Company upon termination or maturity of the ATM.
The Set-off Shares have a deemed price of $0.283 per share, being a 5.7% discount to the last close price of $0.30 on 14 May 2024.
The funds raised will be put towards the further development of the Hombre Muerto West lithium brine project in Argentina and working capital.
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