Lithium X raises C$15m through bought deal offering

Vancouver-based project developer Lithium X has raised gross proceeds of about C$15-million through a bought deal offering, which it will put to work at its flagship Sal de los Angeles lithium brine project, in Argentina. The junior offered 7.9-million common shares at a price of C$1.90 apiece, sold by a syndicate of underwriters led by Canaccord Genuity and GMP Securities.