Pegmatite One Lithium arranges $360,000 offering

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.)