International Lithium Corp. is pleased to announce that it has closed the second and final tranche of its oversubscribed non-brokered private placement of units announced on July 15, 2021. On closing, the Company issued 7,706,669 Units at CAD $0.06 per Unit for proceeds of CAD $462,400. Each Unit is comprised of one common share and one-half of one share purchase warrant . Each Warrant entitles the holder to acquire …
International Lithium Corp. (TSXV: ILC) (the “Company” or “ILC”) is pleased to announce that it has closed the second and final tranche of its oversubscribed non-brokered private placement (the “Private Placement”) of units (“Units”) announced on July 15, 2021. On closing, the Company issued 7,706,669 Units at CAD $0.06 per Unit for proceeds of CAD $462,400. Each Unit is comprised of one common share and one-half of one share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share at an exercise price of CAD $0.08 per common share until June 30, 2024. Following the closing, the Company has 210,830,443 issued and outstanding common shares.
The proceeds of the Private Placement will be used for exploration on the Company’s Raleigh Lake Project and for general corporate and administrative costs.
Closing of the Private Placement is subject to final acceptance by the TSX Venture Exchange. All Private Placement securities will be restricted from trading for a period of four months plus one day...
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