Lithium South Development Corporation (TSXV:LIS) announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.60 per unit for gross proceeds of up to CAD 3,000,000 on January 25, 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 0.80 per share for a period of five years from the date of closing. The securities issued will be subject to a four month hold period.