LibertyStream Announces Closing of Second and Final Tranche of LIFE Offering

Executive Summary

• LibertyStream Infrastructure Partners Inc. has closed the second and final tranche of its previously announced private placement, bringing total gross proceeds to $9,999,999.10.
• The final tranche consisted of 13,701,691 Units issued at $0.65 per Unit, generating $1,089,999.95 in gross proceeds.
• Net proceeds will be utilized to develop direct lithium extraction (DLE) technology, scale up lithium carbonate production at the Delaware Basin field unit, and provide working capital.

Key Details

• Transaction Structure: Private placement of Units under the "listed issuer financing" (LIFE) exemption (National Instrument 45-106).
• Final Tranche Details:
  • Units Issued: 13,701,691 Units.
  • Price Per Unit: $0.65.
  • Gross Proceeds (Final Tranche): $1,089,999.95.
• Total Offering Details:
  • Total Gross Proceeds: $9,999,999.10.
  • Total Units Issued: Implied total of approximately 15,384,615 Units (based on total proceeds and price).
• Unit Composition: Each Unit consists of one Common Share and one whole Common Share Purchase Warrant.
• Warrant Terms:
  • Exercise Price: $1.00 per Warrant Share.
  • Duration: 36 months following the completion of the Offering.
  • Rights: Entitles holder to purchase one Common Share per Warrant.
• Use of Proceeds:
  • Develop Company’s direct lithium extraction (DLE) technology to improve operating efficiencies.
  • Continue scale-up of lithium carbonate production at the field unit in the Delaware Basin, Texas, moving toward commercial lithium production.
  • Create avenues to provide lithium carbonate and other lithium product samples to potential future customers and off-takers.
  • General working capital and corporate purposes.
• Regulatory/Listing Status:
  • Securities issued are not subject to a hold period under applicable Canadian securities laws.
  • Units have not been registered under the U.S. Securities Act of 1933.
  • Offered and sold in the U.S. to accredited investors (Rule 501(a) Regulation D) or qualified institutional buyers (Rule 144A).
  • Units issued as "restricted securities" under Rule 144(a)(3).

Notable Quotes

• No direct quotes from the CEO or President were included in the text of this release.