TSXV:ILI - Post Discussion
Post by
topgun on Apr 07, 2023 9:18pm
WOW! Private placement at $ .1725 per share, 73% premium
| Vancouver, BC, Canada, April 6, 2023 – IMAGINE LITHIUM INC. (TSX-V: ILI) (OTCQB: ARXRF) (the “Company” or “Imagine”) is pleased to announce a non-brokered private placement of 48.82 million flow-through shares (the “FT Shares”) at a price of $0.1725 per share for gross proceeds of $8,421,450. This represents a premium of 73% over the previous closing price of the Company’s common shares on the TSX Venture Exchange. In addition, the Company will complete a private placement of 6.18 million non-flow-through common shares (the “Common Shares”) at a price of $0.115 per common share for gross proceeds of $710,700. Total gross proceeds from the private placements will be $9,132,150. J.C. St-Amour, President and CEO of Imagine, commented, “This financing illustrates investor confidence in our Jackpot Lithium Project. Our project's proximity to infrastructure and general accessibility makes this project a stand-out from many lithium assets in Canada. The funds raised in this financing will allow us to expand and accelerate our exploration activities with additional drilling, sampling, and prospecting planned over the next two years. The Jackpot Main Zone remains open with significant expansion potential and a number of drill-ready lithium showings have been identified. In addition, the broader property package contains numerous granitic pegmatites that will also be tested in this program. An exploration program of this size can truly unveil the potential at Jackpot.” | | | |
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