Argentina Lithium & Energy Corp. (TSXV:LIT) announced a non-brokered private placement of up to 5,600,000 units at CAD 0.09 per unit for gross proceeds of CAD 504,000 on March 29, 2021. Each unit consists of one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at CAD 0.15 per share for three years from the date of issue. The securities to be issued in the transaction are subject to hold period of four months. The transaction is subject to all necessary regulatory approvals. The transaction may include participation from directors, officers, and employees of the company for a portion of the financing. The company may pay commission on a portion of the financing.