Full Circle Lithium Completes Oversubscribed Private Placement

Full Circle Lithium Corp. (FCL), a U.S.-based leader in lithium-ion battery fire suppression, has finalized its non-brokered private placement. Initially revealed on June 19, the offering secured additional gross proceeds of $1,712,500 from its second tranche by issuing 4,281,250 units at $0.40 per unit. Combined with the first tranche, the company raised $5,141,500, surpassing its $5,000,000 target.

Each unit includes one common share and half a warrant. Every whole warrant permits the purchase of an extra share at C$0.70 for 18 months, activating earlier if shares trade above C$1.20 for ten days. The funds will support production expansion, sales, marketing, and general working capital.

Finders' fees amount to $188,167.50 alongside 468,300 finder warrants, allowing share purchase at $0.40 within 18 months. Issued securities adhere to a statutory hold period of four months plus one day and a 12-month contractual transfer restriction.