Vision Lithium Inc. announced the closing of a non-brokered private placement of 14 mn flow-through shares at a unit price of $0.02, generating gross proceeds of $209,000. The funds raised will be used to finance eligible mineral exploration expenses in the province of Québec, in accordance with Canadian tax legislation.
Targeted funding for eligible mining expenditures
The proceeds will be exclusively allocated to eligible “Canadian exploration expenses,” which will be reclassified as “flow-through critical mineral mining expenditures,” as defined under the Income Tax Act (Canada). Vision Lithium intends to renounce these expenditures in favour of the subscribers effective December 31, 2025, thereby allowing them to benefit from tax advantages.
The transaction involves only flow-through shares, which offer Canadian and Québec investors specific tax incentives under sections 66(15) of the Income Tax Act (Canada) and 359.1 of the Taxation Act (Québec). The placement remains subject to the final approval of the TSX Venture Exchange (TSXV).
Commission paid and warrant terms
As part of the transaction, Vision Lithium paid a cash commission of $12,540 to an eligible arm’s-length third party acting as a finder. This amount represents 6 % of the funds raised from investors introduced by the finder. The third party also received 840,000 non-transferable warrants, equivalent to 6 % of the number of flow-through shares sold to those investors.
Each warrant entitles the holder to purchase one common share of Vision Lithium at an exercise price of $0.05, valid for two years from the date of issuance. All securities issued under the placement are subject to a four-month and one-day hold period, expiring on April 23, 2026.
Sales restrictions and regulatory compliance
The offered securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption. The fundraising was conducted exclusively with Canadian or authorised investors in accordance with applicable regulations.
Vision Lithium continues to finance exploration initiatives focused on critical minerals aligned with Canada’s national supply strategy.
