Pan American Lithium Corp. Announces Closing of Non-Brokered Private Placement
06 April 2012 - 4:51AM
Pan American Lithium Corp. (TSX-V:PL) (OTCQB:PALTF) (the
"
Company") is pleased to announce in furtherance
to its news release dated March 15, 2012, it has completed a
non-brokered private placement (the "
Offering") of
500,000 common shares of the Company (each, a
"
Share") at $0.07 per Share. The proceeds will be
used for working capital purposes. All of the Shares issued by the
Company in connection with the Offering are subject to a four-month
hold period expiring on July 29, 2012.
In addition, the Company announces that it has terminated its
consulting agreement with Level 3 Capital Management Inc.
("Level 3"), in which Level 3 assisted the Company
as a corporate finance and strategic planning advisor.
On Behalf of the Board,
PAN AMERICAN LITHIUM CORP.
"Andrew Brodkey" Andrew A. Brodkey President and CEO
520.989.0031
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CONTACT: Jodi Henderson
Corporate Secretary
Tel: 520-989-0032
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