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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 |
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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