Lithium South Development Corporation (TSXV:LIS) announced a private placement of up to 10,000,000 units at a price of CAD 0.34125 per unit for gross proceeds of up to CAD 3,412,500 on January 18, 2021. Each unit will be comprised of one common share and one transferable common share purchase warrant. Each Warrant will allow the holder to purchase one share at a price of CAD 0.455 per share for a period of five years from the date of closing.