Hertz Lithium Inc (CSE:HZ, OTCQB:HZLIF) told investors it has revised the terms of its previously announced non-brokered private placement and now plans to raise gross proceeds of up to $3.5 million.
The placement will consist of up to 11,111,111 non-flow-through (Non-FT) units at $0.18 each for gross proceeds of up to $2 million and up to 3,750,000 flow-through units (Charity FT units) at $0.40 each for gross proceeds of up to $1.5 million.
Each Non-FT unit will include one common share and one share purchase warrant. Each FT Charity unit will be made up of one share and one warrant.