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Sigma Lithium Upsizes Private Placement by 40% to $42 Million, Also Increases Offering Price by 10% to $4.40

· 02/05/2021 09:02

01:51 PM EST, 02/05/2021 (MT Newswires) -- Sigma Lithium Resources Corporation (SGMA.V) has upsized its previously announced non-brokered private placement of common shares by 40%. The company now intends to issue up to 9.5 million common shares (compared with 7.5 million common shares previously announced) at a 10% higher offering price of $4.40 per share (compared with $4.00 per share previously announced) for gross proceeds of up to $42 million.

The offering is scheduled to close about February 10.

Price: 5.00, Change: +0.50, Percent Change: +11.11