International Lithium Corp.: International Lithium Closes First Tranche of Private Placement
ILC) (the
Company or
ILC ) is pleased to announce that it has closed the first tranche of its non-brokered private placement (the
Private Placement ) of units (
Units ) announced on January 26, 2021. On closing, the Company issued 25,142,145 Units at $0.055 per Unit for proceeds of CAD $1,382,818. Each Unit is comprised of one common share and one-half of one share purchase warrant (each whole warrant being a
Warrant ), with each Warrant exercisable into one common share until February 29, 2024 at an exercise price of $0.08 per common share. Additional commitments have already been received for a further CAD $150,000, taking the total subscribed up to over CAD $1.5 million.
International Lithium Corp.: International Lithium Announces Close of Private Placement and Loan Restructure
Company or
Private Placement ) of units (
Units ) announced on January 6, 2021, for proceeds of $185,788. On closing, the Company issued 3,715,750 Units. Each Unit is comprised of one common share and one-half of a share purchase warrant (each whole warrant being a
Warrant ), with each Warrant exercisable into one common share until December 31, 2023 at an exercise price of $0.075 per common share.
The proceeds of the private placement will be used for general and administrative expenses, and working capital. All private placement securities will be restricted from trading for a period of four months plus one day from closing.
International Lithium Corp.: International Lithium Announces $2,000,000 Private Placement
Company or
ILC ) announces that it plans to complete a private placement of up to 36,363,636 units (
Units ) at $0.055 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 being a
Warrant ), with each Warrant exercisable into one common share until February 29, 2024 at an exercise price of $0.08 per common share.
The proceeds of the private placement will be used for general and administrative expenses, and for the next stage of drilling at the Company s Raleigh Project. All private placement securities will be restricted from trading for a period of four months plus one day from closing. The private placement is subject to the approval of the TSX Venture Exchange.
VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) Ultra Resources Inc. (TSX-V: ULT) (“the Company”) announces the Annual General and Special…
International Lithium Corp.: International Lithium Announces Loan Restructure and Private Placement
Company or
ILC ) announces that it intends to restructure its indebtness, whereby the Company will issue to certain insiders and other private investors of the Company (
Lenders ) an aggregate of 60,355,000 bonus share purchase warrants (the
Bonus Warrants ) of the Company in consideration of debentures with a total principal value of CDN $3,017,750 being substituted with non-convertible debt from the Lenders to the Company (the
Loans ). The Loans will bear interest of 12.5% per annum, payable semi-annually and will mature on either June 30, 2022 or September 30, 2023, as elected by the Lenders.
Each Bonus Warrant will entitle the holder to purchase one common share of the Company at an exercise price of CDN $0.05 per share. The Bonus Warrants will be subject to a trading hold period expiring four months from the date of issue, under applicable securities laws. The Loans