Standard Lithium Ltd. (TSXV:SLL) announced a private placement on bought deal basis of 9,530,000 units at a price of CAD 2.1 per share for the gross proceeds of CAD 20,013,000 on January 23, 2018. Each unit will be comprised of one common share and one-half of one common share purchase warrant. Each warrant will be exercisable to acquire one common share of the company for a period of 24 months following the closing of the transaction at an exercise price of CAD 2.60 per warrant share. All securities to be issued will be subject to a four-month-and-one-day statutory hold period. The company intends to pay a commission to certain eligible individuals who have introduced subscribers to the company. The transaction is expected to be completed on or about February 13, 2018. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange.