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Imagine Lithium Inc. V.ILI

Alternate Symbol(s):  ARXRF

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 2023. Imagine has launched a property wide exploration program on the ~18.8k ha Jackpot project.


TSXV:ILI - Post by User

Bullboard Posts
Comment by rickydee82on Feb 11, 2016 7:57am
80 Views
Post# 24546849

RE:RE:Management announces funding via PP and also payment of debt

RE:RE:Management announces funding via PP and also payment of debt
Dilution is a normal part of any company that does not have a revenue stream. Most of the incoming Dilution will come through private placements from Lithium Australia. Aix will likely be at 50 million shares by June/July. Hopefully the money is used wisely to raise share price to obtain financing at a more reasonable price, thus lessening the Dilution impact.
Bullboard Posts