CEO of Consolidated Lithium Metals Acquires Units in Private Placement Financing
On April 2, 2025, the chief executive officer and a director of Consolidated Lithium Metals Inc. (CLM), Richard Quesnel, made a significant investment in his company. He acquired an aggregate of 10,000,000 units (Units) of CLM at a price of $0.01 per Unit, totaling $100,000.
Composition of the Units
Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (Warrants). This means that for every Unit purchased, Mr. Quesnel received one common share and the right to buy an additional common share at an exercise price of $0.05 for a period of 24 months from the issuance.
Mr. Quesnel’s Previous Holdings
Before the acquisition of these securities, Mr. Quesnel held 18,873,000 common shares, 9,000,000 warrants to purchase an equal number of common shares (Company Warrants), and 5,000,000 options to purchase an equal number of common shares (Options). These holdings represented approximately 5.12% of the outstanding CLM shares on a non-diluted basis and 8.60% on a partially-diluted basis.
New Holdings After the Transaction
With the acquisition of the 10,000,000 Units, Mr. Quesnel’s holdings have increased to 28,873,000 common shares, 14,000,000 Company Warrants, and 5,000,000 Options. These new holdings represent approximately 7.42% of the outstanding common shares on a non-diluted basis and 11.72% on a partially diluted basis.
Impact on Mr. Quesnel
By investing in his own company, Mr. Quesnel has demonstrated his confidence in CLM’s potential for growth. This investment also increases his influence and control within the company, potentially positioning him for greater leadership roles or strategic decisions.
Impact on the World
While the investment by Mr. Quesnel does not have a direct impact on the world at large, it may be seen as a positive sign for the lithium market. Lithium is a critical component in the production of batteries for electric vehicles, and a growing demand for electric vehicles could lead to increased demand for lithium. As such, investments in lithium companies like CLM may be seen as strategic moves by industry leaders.
Conclusion
The investment by Richard Quesnel, the CEO of Consolidated Lithium Metals Inc., in his company through a private placement financing demonstrates his confidence in CLM’s potential for growth. This investment increases his holdings and influence within the company, potentially positioning him for greater leadership roles or strategic decisions. Additionally, this investment may be seen as a positive sign for the lithium market and the electric vehicle industry as a whole.
- Mr. Quesnel invested $100,000 in CLM, purchasing 10,000,000 Units.
- Each Unit consists of one common share and one-half of one Warrant.
- Mr. Quesnel’s previous holdings represented approximately 5.12% of the outstanding CLM shares on a non-diluted basis and 8.60% on a partially-diluted basis.
- New holdings represent approximately 7.42% of the outstanding common shares on a non-diluted basis and 11.72% on a partially diluted basis.
- Investment may be seen as a positive sign for the lithium market and the electric vehicle industry.
