Alpha Lithium Corporation closes C$25 million bought deal offering

On December 10, 2021, Alpha Lithium Corporation (the “Company”), closed the short form prospectus offering, on a bought deal basis, for gross proceeds of $25,012,500.

The offering was conducted by Echelon Capital Markets (the “Underwriter”). A total of 25,012,500 Units of the Company at a price per Unit of $1.00 were issued, inclusive of the exercise of the over-allotment option in its entirety. Each unit consists of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a “Warrant”), each Warrant being exercisable into one additional common share of the Company for a period of 24 months from the date of closing at an exercise price of $1.45.