BULLETIN V2024-1240
STANDARD LITHIUM LTD. ("SLI")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: April 29, 2024
TSX Venture Tier 2 Company
The Company's Short Form Base Shelf Prospectus dated May 26, 2023 and July 26, 2023 ("Prospectus"), was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with the Securities and Exchange Commission ("SEC") through a registration statement on Form F-10 relating to the Offering. The Prospectus Supplement dated November 15, 2023 ("Supplement"), was filed with the securities commissions in each of the provinces of British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Nunavut and Northwest Territories. A receipt for the Prospectus is deemed to have been issued by the regulators in the jurisdictions if the conditions of the Multilateral Instrument 11-102 Passport System have been satisfied.
Further to an at-the-market offering of securities ("ATM Distribution") made pursuant to a Supplement to the Company's Prospectus, the Exchange has accepted for filing documentation with respect to the sales set out below under the ATM Distribution. The Company raised aggregate gross proceeds of $2,353,590 and $9,036,291 USD pursuant to the ATM Distribution during the quarterly period beginning on January 1, 2024 and ending on March 31, 2024 ("Quarterly Period"), as set out below:
Agents: Citigroup Global Markets Inc. and Canaccord Genuity LLC.
Offering: 1,284,300 common shares in the capital of the Company sold on the Exchange ("TSXV Shares") in aggregate during the Quarterly Period.
6,409,900 common shares in the capital of the Company sold on the New York Stock Exchange ("NYSE Shares") in aggregate during the Quarterly Period.
Share Price: Varying prices during the Quarterly Period, with an average sale price of $1.83 per TSXV Share and $1.41 USD per NYSE Share.
Agents' Warrants: None.
Over-allotment Option: None.
Agents' Commission: Up to 3% of the gross proceeds of the Offering, being an aggregate cash payment of $58,840 and $225,907 USD for the Quarterly Period.
For further information, please refer to the Company's Prospectus, Supplement, and the news releases dated November 17, 2023 and April 12, 2024, which are available under the Company's SEDAR and EDGAR profiles.
_______________________________________
|
|
