Sigma Lithium Resources Inc., a portfolio company of A10 Investimentos, has completed a subscription receipts financing, raising $[mepr-active rule=”374″ ifallowed=”hide”]★Research Note – Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! ★[/mepr-active][mepr-active rule=”374″]18,896,364 through the issuance of 9,448,182 subscription receipts at $2.00 per subscription receipt. 35 Investors from Ontario, Quebec. Newfoundland, USA, UK, Australia, Bahamas, Bermuda, Cayman Islands and Panama participated in the financing. [/mepr-active]
National Bank Financial Inc., Cormark Securities Inc., and Canaccord Genuity Corp. acted as agent of the offering while McCarthy Tétrault acted as legal counsel to Sigma Lithium Resources.
Sigma Lithium Resources is a Brazil based British Columbia company developing hard rock lithium projects in Brazil. Sigma Lithium Resources, through its wholly-owned subsidiary Sigma Mineração S.A., is focused on developing its 100% owned past-producing “Sigma Lithium Project”, located in the state of Minas Gerais, Brazil. Sigma’s property is being evaluated as a potential high grade, hard rock lithium mining prospect and the property hosts numerous prospective lithium bearing pegmatites within its land package of over 15,000 hectares.
On December 22, 2017, Sigma Lithium Resources entered into a go-public transaction with capital pool company (CPC), Margaux Red Capital Inc. (TSX-V: MXC.H) as Margaux’s Qualifying Transaction (QT).
As part of QT, Sigma intends to close a brokered private placement of subscription receipts for gross proceeds of not less than $10,000,000.
photo credit: Sigma Lithium