Snow Lake Resources (LITM) said Thursday it has priced a public offering of about 15.8 million common shares at $0.41 apiece for gross proceeds of about $6.5 million.
Net proceeds from the offering, which will likely close Friday, will be allocated toward working capital and general corporate purposes, the company said.
Snow Lake Resources shares were down 59% in recent Thursday trading.
Price: 0.34, Change: -0.48, Percent Change: -58.26
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