American Salars Announces Non Brokered Private Placement

Executive Summary

• American Salars Lithium Inc. announced a non‑brokered private placement to raise up to CAD $175,000.
• The offering consists of up to 1,666,667 units at $0.105 per unit; each unit includes one common share and one warrant.
• Proceeds will be used for exploration activities and general working capital.

Key Details

• Units Offered: Up to 1,666,667 units at CAD $0.105 per unit (gross proceeds up to CAD $175,000).
• Unit Composition: Each unit = 1 common share + 1 common share purchase warrant.
• Warrant Terms: Warrants allow purchase of one additional common share at $0.14 per share for a period of 24 months.
• Holding Period: All securities subject to a four‑month‑and‑one‑day hold period from issuance under applicable securities legislation.
• Ownership Limitation: Warrants may only be exercised if, after exercise, the holder (or persons acting jointly) would own less than 10% of the Company’s issued and outstanding common shares.
• Use of Proceeds: Funds earmarked for exploration projects and general working capital needs.

Notable Quotes

• “R. Nick Horsley, CEO” – signatory on behalf of the Board of Directors.