- International Lithium is commencing a non-brokered private placement to raise gross proceeds of up to $1,000,000
- The company will offer up to 16,666,667 units at C$0.06 per unit
- Proceeds will be used primarily for the exploration of the Raleigh Lake Project
- The Raleigh Lake Project consists of 3,027 hectares of adjoining mineral claims in Ontario and is 100 per cent owned by ILC
- International Lithium Corp. (ILC) ended trading at $0.055 per share
International Lithium (ILC) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $1,000,000.
The company will offer up to 16,666,667 units at C$0.06 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at an exercise price of $0.08 until June 30, 2024.
Proceeds will be used for the exploration of the Raleigh Lake Project and for general corporate and administrative costs.
International Lithium’s primary strategic focus is now on the Raleigh Lake lithium and rubidium project.
The Raleigh Lake Project consists of 3,027 hectares of adjoining mineral claims in Ontario and is regarded by ILC management as ILC’s most significant project in Canada. The pegmatites explored there contain significant quantities of rubidium and caesium as well as lithium. Raleigh Lake is 100 per cent owned by ILC.
International Lithium Corp. (ILC) ended trading at $0.055 per share.