/NOT FOR DISTRIBUTION TO U.S.
NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VAL-D'OR, QC, Dec. 23,
2024 /CNW/ - Vision Lithium Inc. (TSXV: VLI) (OTCQB:
ABEPF) (FSE: 1AJ2) (the "Company" or "Vision
Lithium") is pleased to announce a proposed non-brokered
flow-through private placement for minimum aggregate gross proceeds
of $500,000 and maximum aggregate
gross proceeds of $750,000 (the
"Offering"). The Offering will consist of a minimum of
16,666,666 common shares and a maximum of 25,000,000 common shares
of the Company at a price of $0.03
per share (the "Flow-Through Shares"), each qualifying as a
"flow-through share" within the meaning of subsection 66(15) of the
Income Tax Act (Canada) and
section 359.1 of the Taxation Act (Quebec).
The gross proceeds from the Offering will be used by the Company
to incur eligible "Canadian exploration expenses" that will qualify
as "flow-through critical mineral mining expenditures" as such
terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures")
related to the Company's projects in Quebec. All Qualifying Expenditures will be
renounced in favour of the subscribers of the Flow-Through Shares
effective December 31, 2024.
Yves Rougerie, President and CEO
of the Company, commented, "Proceeds from this placement will go
towards exploration of our Sirmac property lithium and cesium
targets we have developed over the past year. The recent high grade
cesium discovery on the property with values as high as 1.94% Cs2O
(ref. December 02, 2024
release) will require further geophysics, ground prospecting,
geological mapping, trenching and sampling to develop this new and
very exciting target. Work is also planned for the known lithium
rich areas of the property in search of new discoveries."
All securities issued under the Offering are subject to a hold
period of four months and one day from their date of issuance. The
Offering remains subject to the acceptance of the TSX Venture
Exchange (the "TSXV"). The Company may pay finder's fees in
accordance with TSXV policies.
The offered securities have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent
registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on
exploring and developing high quality mineral assets including
lithium and copper in Canada. The
Company is led by skilled and qualified mineral exploration experts
and business professionals with a deep understanding of the battery
materials market, which is driven by lithium-ion batteries. Vision
Lithium completed a PEA on its Sirmac lithium project in 2023. The
PEA is available on the Company's website
at www.visionlithium.com and on SEDAR+. The
Company is committed to discovering new, world-class assets and
bringing these assets to production, starting with its advanced
Sirmac lithium property in Québec and Godslith lithium property
located in Manitoba, and a group
of base metal rich Ni-Cu-Co and/or Cu-Zn-Ag-Au properties in
eastern Québec and New
Brunswick.
For further information on the Company, please visit our website
at www.visionlithium.com or contact us at
info@visionlithium.com.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
news release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation based on
expectations, estimates and projections as at the date of this news
release. Forward-looking information involves risks, uncertainties
and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information.
Forward-looking information in this news release includes, but is
not limited to, the use of proceeds; the timing and ability of the
Company, if at all, to obtain final acceptance of the Offering from
the TSXV; the tax treatment of the Flow-Through Shares; objectives,
goals or future plans; and statements regarding exploration plans.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
capital and operating costs varying significantly from estimates;
delays in obtaining or failures to obtain required governmental,
environmental or other project approvals; changes in equity
markets; fluctuations in commodity prices; delays in the
development of projects; other risks involved in the mineral
exploration and development industry; and those risks set out in
the Company's public documents filed on SEDAR+ at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
SOURCE Vision Lithium inc.
