Summary by Moomoo AI
Snow Lake Resources has entered into an ATM Sales Agreement with ThinkEquity LLC on August 22, 2024, enabling the company to offer and sell up to US$1 million of common shares. The sales will be conducted through ThinkEquity as the sales agent, utilizing the company's existing shelf registration statement on Form F-3.Under the agreement, shares may be sold through "at the market offering" methods on the Nasdaq Capital Market or other existing trading platforms. ThinkEquity will receive a 3.0% commission on gross proceeds from share sales. The company maintains flexibility with no obligation to sell any shares, and the agreement can be terminated by either party.The arrangement includes standard indemnification and contribution provisions protecting ThinkEquity against certain liabilities, including those under the Securities Act. The sales will be conducted pursuant to the prospectus supplement dated August 22, 2024, complementing the previously effective registration statement.
