Century Lithium Corp. (TSXV:LCE, OTCQX:CYDVF, Frankfurt:C1Z) announced an extension to the closing date of the second and final tranche of its previously disclosed financing under the Listed Issuer Financing Exemption. The final closing is now scheduled for 2 September 2025 to allow for the processing and completion of outstanding subscription agreements.
Under the Offering, the Company intends to issue up to 16,666,667 units at a price of $0.30 per unit, for total gross proceeds of up to $5,000,000. Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of $0.45, valid for 60 months from the date of issuance.
The initial tranche of the Offering closed on August 1, 2025, with the company issuing 9,559,833 units for gross proceeds of $2,867,950. In connection with this closing, Century Lithium paid $133,907 in cash fees and issued 446,355 non-transferable compensation warrants to certain arm’s-length brokers. Each compensation warrant allows the holder to purchase one common share at an exercise price of $0.30, exercisable for 36 months from the date of issuance.
The offering remains subject to final approval by the TSX Venture Exchange.
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