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Financings

Pegmatite One Lithium arranges $360,000 offering

By The Northwire Desk — AI Analysis Mar 19, 2026 · 19:43 PGA · 0.105 Pegmatite One Lithium and Gold Corp
PGA · Price

Executive Summary

  • Pegmatite One Lithium and Gold Corp. announced a private placement of up to 4 million units at $0.09 per unit, targeting gross proceeds of up to $360,000.
  • Each unit includes one common share plus half of a whole‑share purchase warrant; warrants are exercisable at $0.12 per share for two years.
  • Proceeds will be allocated to exploration activities and general working capital.

Key Details

  • Offering Size: Up to 4,000,000 units.
  • Price per Unit: $0.09.
  • Maximum Gross Proceeds: $360,000.
  • Unit Composition: 1 common share + ½ whole‑share purchase warrant.
  • Warrant Terms: Exercise price $0.12 per share; expiration two years from issuance.
  • Statutory Hold Period: Four months on all securities issued.
  • Finder’s Fee: May be paid in cash and/or additional share purchase warrants, subject to CSE policies.
  • Use of Proceeds: Exploration projects and general working capital.
  • Closing Conditions: Subject to corporate and regulatory approvals, including Canadian Securities Exchange approval.

Notable Quotes

(No CEO/President quotes provided in the release.)

Read the original news release →

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