Alpha Lithium Corporation, a leading mineral exploration and production company, recently reminded its shareholders about the October 20th deadline for tendering their shares.
Alpha Lithium is planning to undertake a rights offering, continuing its growth strategy as an emerging natural resource and battery materials company. The rights offering will be completed by way of private placement offering of subscription receipts, which, when converted, will be exchanged for rights. Subscribers will be entitled to purchase Alpha Lithium common shares in the offering.
Alpha Lithium shareholders have the right and opportunity to subscribe to the rights offering, provided they OWN shares before October 20th. Individuals are allowed to subscribe for every one Rights for every one Alpha Lithium common share held. If shareholders do not exercise this right, they will lose the opportunity to subscribe for the rights offering.
Any Alpha Lithium shareholders intending to subscribe to the rights offering can do so by tendering their common shares to Alpha Lithium’s transfer agent, Computershare Investor Services Inc., or through any of its nominees, before October 20th.
Due to the current market conditions, Alpha Lithium has outlined the risk associated with the rights offering. While the information currently circulated is of the opinion of the company’s board of directors, there is no guarantee that the offering will be successful.
Individuals that are interested in the rights offering, and existing shareholders of Alpha Lithium Corporation, should pay particular attention to the October 20th deadline and get their shares tendered as soon as possible. Investors that have already tendered their shares should check with the transfer agent to make sure they have been received prior to the October 20th deadline.
Alpha Lithium Corporation will continue to review the market and make announcements with regards to the rights offering. Shareholders and potential investors should continue to follow the company for updates.
