QualityStocks would like to highlight AmeriLithium (OTCBB: AMEL), an independent U.S. based lithium exploration and mining company, focused on powering America's energy future. Headquartered in Nevada, the company's goals are to help secure sustainable, ecologically sound, domestic energy sources, that contribute to a greener America, while maximizing investor value.
In the company’s news Friday, AmeriLithium Corp. announced it has signed an equity line financing agreement with the U.S. and UK-based investment fund TCA Global Master Credit Fund, LP, for up to $2.5 million over a 24-month period.
Per the agreement, TCA Global has committed to purchase up to $2.5 million of AmeriLithium’s common stock at a discount of 5 percent to the market price using a five-day forward volume weighted average price.
Matthew Worrall, AmeriLithium’s CEO, said the company will allocate the funds to develop its assets, and noted the timeliness of the financing agreement.
In a separate transaction, AmeriLithium also announced it has received $250,000 in the form of a convertible promissory note.
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