American Salars' $175,000 financing fully subscribed

Executive Summary

• American Salars Lithium Inc. fully subscribed its previously announced non‑brokered private placement of up to $175,000 at C$0.105 per unit.
• The offering consisted of up to 1,666,666 units (each unit = one common share + one warrant) and was completely taken up by investors.
• Proceeds will be allocated to exploration activities and general working capital; securities are subject to a four‑month‑and‑one‑day hold period.

Key Details

• Offering size: Up to $175,000 (CAD).
• Price per unit: C$0.105.
• Units offered: Up to 1,666,666 units.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Warrant terms: Right to purchase one additional common share at C$0.14 per share, exercisable for 24 months from issuance.
• Subscription status: Fully subscribed/committed.
• Use of proceeds: Exploration programs and general working capital.
• Holding period: Four months and one day from the date of issuance, in accordance with applicable securities legislation.
• Regulatory condition: Subject to standard Canadian Securities Exchange approval.

Notable Quotes

(No executive quotes were provided in the release.)