By Devika Patel
Knoxville, Tenn., Oct. 6 - American Lithium Minerals Inc. said it took in $1 million in a private placement of units.
The company sold 740,740 units at $1.35 apiece. Each unit consists of one common share and one warrant. Each warrant will be exercisable at $1.50 for two years.
Fort Lauderdale, Fla.'s American Lithium Minerals is investigating acquisitions in the resource and non-resource sectors.
| Issuer: | American Lithium Minerals Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1 million
|
| Units: | 740,740
|
| Price: | $1.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $1.50
|
| Settlement date: | Oct. 6
|
| Stock symbol: | OTCBB: AMLM
|
| Stock price: | $1.40 at close Oct. 5
|
| Market capitalization: | $16.2 million
|
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