Copy
SALi Lithium Closes First Tranche of Private Placement for CAD$784,001
Vancouver, B.C. — June 18, 2025 — NewsWall — SALi Lithium Inc. (CSE: SALI) has announced the closing of the first tranche of its non-brokered private placement, raising gross proceeds of CAD$784,001. The company issued 4,060,000 hard dollar units at $0.125 each and 1,843,340 flow through units at $0.15 each.
Each hard dollar unit includes one common share and one share purchase warrant, exercisable at $0.25 per share for 24 months. Each flow through unit comprises one flow-through share and one-half of one share purchase warrant, with each whole warrant exercisable at $0.25 for 12 months.
The net proceeds from the hard dollar units will fund approximately $200,000 of additional exploration on the Company’s project in Argentina and for general working capital purposes. The gross proceeds from the FT Shares will be used to incur Canadian eligible resource exploration expenses on the Company’s mineral interests in Quebec, Canada.
Ventum Financial Corp. received a finder’s fee of $38,800 in cash and 308,800 non-transferable broker warrants.
Dustin Nanos, CEO and Director 1-587-577-9878 Email: Dustin@SouthAmericanLithium.com
Source: SALi Lithium Inc.