October 14, 2009
Western Lithium Canada Corporation (TSX VENTURE:WLC) completed a best efforts private placement for gross proceeds of $16,602,200. A syndicate of agents co-led by GMP Securities L.P., Byron Capital Markets and Haywood Securities Inc. acted arranged for the issuance and sale of 17,476,000 units of Western Lithium at a price of $0.95 per unit, each unit being comprised of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of Western Lithium for a period of eighteen months at a price of $1.25 per share.
Wildeboer Dellelce LLP represented the Agents with a team that included Derek Sigel, Alexis Vazquez and Nancy Son-Wilkening (corporate/securities).