Sigma Lithium: BlackRock-Managed Funds, Accounts Increase Investment to C$136.7 Million
December 17 2021 - 12:09PM
Dow Jones News
By Adriano Marchese
Sigma Lithium Corp. said Friday that it will receive an
additional investment of around 64.2 million Canadian dollars,
roughly $50.3 million, from funds and accounts managed by BlackRock
Inc.
The company said that this additional investment increases the
size of its previously announced private placement to a total of
around C$136.7 million.
Sigma Lithium said it expects to issue a total of around 11.6
million shares from the treasury, up from 7.2 million. The price of
each share is set at C$11.75.
The company plans to use the proceeds primarily to fund
construction of its phase 1 production plant and mine, as well as
further develop phases 2 and 3 of its Grota do Cirilo project in
Brazil.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 17, 2021 11:54 ET (16:54 GMT)
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