LibertyStream Infrastructure Partners Closes C$20 Million Private Placement
LibertyStream Infrastructure Partners Inc. announced the closing of a non‑brokered private placement of up to 25 million units at C$0.80 per unit, generating gross proceeds of up to C$20 million. Each unit comprises one common share and half of a common‑share purchase warrant; the warrant can be exercised at C$1.10 per share for a period of 24 months after the closing.
Company insiders, including President and CEO Alex Wylie, bought C$2,178,912 of the units, a related‑party transaction that falls within the exemptions of Multilateral Instrument 61‑101 because the purchase does not exceed 25 % of the market capitalisation. The board approved the offering unanimously, and the closing occurred within 21 days of the announcement, so a material‑change report was not filed in advance. LibertyStream said the net proceeds will be used to advance its direct lithium extraction projects.
Entities
Alex Wylie · LibertyStream Infrastructure Partners Inc. · Lithium extraction
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The offering was unanimously approved by LibertyStream’s board of directors. offshoresource.com · aijourn.com
- [● 2 SOURCES] Insiders, including CEO Alex Wylie, purchased C$2,178,912 of the units. offshoresource.com · aijourn.com
- [● 2 SOURCES] The unit price was C$0.80, raising gross proceeds of up to C$20,000,000. offshoresource.com · aijourn.com
- [● 2 SOURCES] LibertyStream closed a non‑brokered private placement of up to 25,000,000 units. offshoresource.com · aijourn.com
- [● 2 SOURCES] The warrant is exercisable at C$1.10 per share for 24 months from the closing. offshoresource.com · aijourn.com
- [● 2 SOURCES] Net proceeds will be used to develop LibertyStream’s direct lithium extraction projects. offshoresource.com · aijourn.com
- [● 2 SOURCES] Each unit consists of one common share and half of a common‑share purchase warrant. offshoresource.com · aijourn.com
- [● 2 SOURCES] The insider purchase qualifies as a related‑party transaction under MI 61‑101 but does not exceed 25 % of market capitalisation, exempting it from minority‑shareholder approval. offshoresource.com · aijourn.com