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Hertz Lithium Inc. (HZLIF) Updates Terms for $3.5M Private Placement

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Vancouver, British Columbia–Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2), a junior exploration company, has announced revised terms for its non-brokered private placement aiming to raise up to $3,500,000.

The placement will offer up to 11,111,111 units at $0.18 each for $2,000,000, and up to 3,750,000 flow-through units at $0.40 each for $1,500,000. Each unit includes one common share and a warrant, allowing the purchase of an additional share at $0.40 within 24 months. The company may accelerate the warrant expiry if shares maintain a $0.60 average price on the CSE for 14 days.

Hertz Lithium plans to allocate the net proceeds from Non-FT Units to enhance its Lithium Extraction Technology, fund the Lucky Mica Project, and cover general expenses. The Charity FT Units’ proceeds will finance Canadian Exploration Expenses, with a renouncement to purchasers effective by December 31, 2023.

The company may pay finder’s fees and will adhere to a statutory hold period for the securities. The Private Placement is not registered under the U.S. Securities Act of 1933 and is not available in the U.S. or to U.S. persons without registration or an exemption.

For more details, contact Mr. Kal Malhi or visit The forward-looking statements in this release are based on management’s current beliefs and are subject to change.

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