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International Lithium Announces $2,000,000 Private Placement

Vancouver, British Columbia (Newsfile Corp. - February 19, 2021) - International Lithium Corp. (TSXV: ILC) (the
Company or
Offering ) of up to 18,181,818 units (
Unit ) at CAD $0.11 per Unit to raise gross proceeds of up to $2,000,000. Each Unit will be comprised of one common share and one-half of one share purchase warrant (each whole warrant, a
Warrant ). Each Warrant will entitle the holder to acquire one additional common share at an exercise price of CAD $0.165 per common share until March 31, 2024.
This Offering follows the success of the recent $3,000,000 private placement that was oversubscribed. Those applying for the previous private placement who were unable to participate or were scaled down will be given preference in allocation. The proceeds of the Offering will be used for general and administrative expenses, for the next stage of drilling at the Company s Raleigh Lake Project, for the Company s Mariana project and to fur ....

United States , United Kingdom , Hong Kong , British Columbia , John Wisbey , Jiangxi Ganfeng Lithium Co , British Columbia Newsfile Corp , Newsfile Corp International Lithium , Ganfeng Lithium Co , Company Mariana , Company Raleigh Lake , Ultra Resources Inc , Venture Exchange , Regulation Services Provider , International Lithium Corp , International Lithium Announces , Each Warrant , Raleigh Lake Project , Multilateral Instrument , Minority Security Holders , Special Transactions , Ganfeng Lithium , Essential Metals Limited , Australian Stock , Raleigh Lake , South American ,

International Lithium Corp.: International Lithium Announces $2,000,000 Private Placement

International Lithium Corp.: International Lithium Announces $2,000,000 Private Placement
Company or
Offering ) of up to 18,181,818 units (
Unit ) at CAD $0.11 per Unit to raise gross proceeds of up to $2,000,000. Each Unit will be comprised of one common share and one-half of one share purchase warrant (each whole warrant, a
Warrant ). Each Warrant will entitle the holder to acquire one additional common share at an exercise price of CAD $0.165 per common share until March 31, 2024.
This Offering follows the success of the recent $3,000,000 private placement that was oversubscribed. Those applying for the previous private placement who were unable to participate or were scaled down will be given preference in allocation. The proceeds of the Offering will be used for general and administrative expenses, for the next stage of drilling at the Company s Raleigh Lake Project, for the Company s Mariana project and to further strengthen the Company s balance sh ....

United States , United Kingdom , Hong Kong , British Columbia , John Wisbey , Jiangxi Ganfeng Lithium Co , British Columbia Newsfile Corp , Ganfeng Lithium Co , Company Mariana , Company Raleigh Lake , Ultra Resources Inc , Venture Exchange , Regulation Services Provider , International Lithium Corp , Each Warrant , Raleigh Lake Project , Multilateral Instrument , Minority Security Holders , Special Transactions , Ganfeng Lithium , Essential Metals Limited , Australian Stock , Raleigh Lake , South American , Litio Minera Argentina , Mavis Lake ,

Press Release - MINING.COM

Press Release - MINING.COM
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

United States , United Kingdom , Hong Kong , British Columbia , John Wisbeychairman , Jiangxi Ganfeng Lithium Co , British Columbia Newsfile Corp , Ganfeng Lithium Co , Company Mariana , Company Raleigh Lake , Ultra Resources Inc , Venture Exchange , Regulation Services Provider , International Lithium Corp , Each Warrant , Raleigh Lake Project , Multilateral Instrument , Minority Security Holders , Special Transactions , Ganfeng Lithium , Essential Metals Limited , Australian Stock , Raleigh Lake , South American , Litio Minera Argentina , Mavis Lake ,