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Foremost Lithium Resource & Technology expands stock offering

  • Foremost Lithium Resource & Technology (OTCPK:FRRSF) announced an increase to its earlier announced non-brokered private placement flow through common shares.
  • Under the terms, the company plans to offer 4.9M FT shares at $0.34/FT share for gross proceeds of ~C$1.7M.
  • Net proceeds will be used for exploration expenses on mineral properties in Manitoba while remaining will be used for general and administrative expenses.

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