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Bullboard - Stock Discussion Forum Imagine Lithium Inc. ARXRF


Primary Symbol: V.ILI

Imagine Lithium is an exploration company advancing its Jackpot Lithium Project in Nipigon, Ontario. The project has a historic resource of 2M tonnes at 1.09% Li2O and 750kt @ 1.38% Li2O. The 2022 drill program was to increase the size of the historical resource. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in... see more

TSXV:ILI - Post Discussion

Imagine Lithium Inc. > Take out are starting in the Li space. AMLI 9.9% of NILI.
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Post by topgun on Jun 05, 2023 2:00pm

Take out are starting in the Li space. AMLI 9.9% of NILI.

VANCOUVER, BC / ACCESSWIRE / June 1, 2023 / Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) is pleased to announce a non-brokered private placement (the "Private Placement") of up to 17,900,000 units (the "Units") at a price of $0.40 per Unit. Each Unit will consist of one common share and one share purchase warrant (the "Warrants"). Each share purchase warrant will be exercisable for a period of three years from the date of issuance at a price of $0.55 per share. The Private Placement includes a strategic equity investment by American Lithium Corp. (NASDAQ: AMLI, TSXV: LI), a lithium exploration and development company. Upon completion of the Private Placement, American Lithium Corp. will own approximately 9.9% of Surge's issued and outstanding common shares on a non-diluted basis
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