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BLK BlackRock Inc

783.00
8.36 (1.08%)
Last Updated: 19:36:20
Delayed by 15 minutes
Share Name Share Symbol Market Type
BlackRock Inc NYSE:BLK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  8.36 1.08% 783.00 786.27 776.68 780.47 421,034 19:36:20

Sigma Lithium: BlackRock-Managed Funds, Accounts Increase Investment to C$136.7 Million

17/12/2021 5:09pm

Dow Jones News


BlackRock (NYSE:BLK)
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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)

Copyright (c) 2021 Dow Jones & Company, Inc.

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