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Full Circle Lithium to Raise up to $8 Million in Upsized Private Placement Financing

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Full Circle Lithium (FCLI.V) has increased its non-brokered private placement financing by 7.5 million units to 20 million units, to raise up to $8 million.

The company raised C$3.4 million in the first tranche of the financing, issuing 8.57 million units at C$0.40 apiece. Each unit consists of one share and one-half of an 18-month warrant to buy a share at C$0.70.

The second tranche of the offering is expected to close by July 31.

Proceeds will be used to further develop Full Circle's growing portfolio of FCL-X lithium-ion battery fire suppression products, and for general working capital, a statement said.

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