Ann: Trading Halt, page-17

$10 Million + will fund a hell of a lot of drilling in Canada....

The market should love this, fully funded with Lithium prices going higher day by day.

ASX-listed lithium hopeful Critical Resources Ltd is seeking tap into investor appetite for battery metals plays, launching a $10 million equity deal on Tuesday morning.Street Talk. Louie DouvisThe company’s shares went into a trading halt as its brokers Canaccord Genuity and Sixty Two Capital rustled up interest from clients.The deal was structured as a placement of 117.6 million new shares at 8.5¢ each to raise $10 million.The term sheet said Critical Resources would also accept oversubscriptions for up to another $5 million.The deal was priced at a 15 per cent discount to the last close.Proceeds would be used for drilling at its Mavis Lake Hard Rock Lithium (Spodumene) Project in Ontario, Canada, and to expand its drilling campaigns at the Halls Peak Zinc-Lead-Copper-Silver-Gold Project in NSW, the term sheet said.The brokers were calling for firm bids by 10am on Wednesday. The company had a $133 million market capitalisation prior to the raising.