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International Lithium Closes Final Tranche of Oversubscribed Private Placement

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 . ....

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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 ....

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