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2021-08-25 17:48 ET - News Release
https://www.stockwatch.com/News/Item/Z-C!ILC-3130867/C/ILC
Mr. John Wisbey reports
INTERNATIONAL LITHIUM CLOSES FINAL TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT
International Lithium Corp. 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 six cents per unit for proceeds of $462,400. Each unit consists of one common share and one-half of one share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of eight cents 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 from the date of closing. No finders' fees were paid on this tranche of the transaction.
John Wisbey, chairman and chief executive officer of International Lithium, commented:
"This placement, which we have now closed at slightly over $1-million (Canadian), allows us to make significant headway with our plans at Raleigh Lake where we have now expanded the area of our claims to 170 square kilometres. Our drilling earlier this year in Zone 1 of the claims (around 5 per cent of our new total claims) found interesting levels of lithium oxide in the areas we drilled, and commercially very interesting quantities of rubidium oxide. We will be progressing with additional drilling, leading to the publishing of some initial minimum estimates of the size of resource, and also conducting an airborne geophysical survey on our new claims."
Certain insiders participated in this tranche of the private placement. The issuance of private placement securities to non-arms'-length parties constitutes related-party transactions under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Because the company's shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The company did not file a material change report 21 days prior to the closing of the private placement as the details of the participation of insiders of the company had not been confirmed at that time.
2021-08-25 17:48 ET - News Release
https://www.stockwatch.com/News/Item/Z-C!ILC-3130867/C/ILC
Mr. John Wisbey reports
INTERNATIONAL LITHIUM CLOSES FINAL TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT
International Lithium Corp. 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 six cents per unit for proceeds of $462,400. Each unit consists of one common share and one-half of one share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of eight cents 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 from the date of closing. No finders' fees were paid on this tranche of the transaction.
John Wisbey, chairman and chief executive officer of International Lithium, commented:
"This placement, which we have now closed at slightly over $1-million (Canadian), allows us to make significant headway with our plans at Raleigh Lake where we have now expanded the area of our claims to 170 square kilometres. Our drilling earlier this year in Zone 1 of the claims (around 5 per cent of our new total claims) found interesting levels of lithium oxide in the areas we drilled, and commercially very interesting quantities of rubidium oxide. We will be progressing with additional drilling, leading to the publishing of some initial minimum estimates of the size of resource, and also conducting an airborne geophysical survey on our new claims."
Certain insiders participated in this tranche of the private placement. The issuance of private placement securities to non-arms'-length parties constitutes related-party transactions under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Because the company's shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The company did not file a material change report 21 days prior to the closing of the private placement as the details of the participation of insiders of the company had not been confirmed at that time.
Guten Morgen! 
ist was im Gange
liest gut, nur was bedeuten die 1000% in Zahlen und sie brauchen wohl noch mehr Geld und Zeit... 
).
