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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

Post by lifegoesonon Nov 10, 2021 4:07pm
261 Views
Post# 34111879

ILI just released..... increased PP....

ILI just released..... increased PP....ILI closed at $0.14 on 5.3 M, I guess we now know why..... VANCOUVER, BC / ACCESSWIRE / November 10, 2021 / Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) announces that it has arranged an additional non-brokered private placement of 25 million units and flow-through units ("Units") at a price of $0.085 per Unit for aggregate gross proceeds of $2,125,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") or Flow-through share (Flow-through shares") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month perio d after the Closing Date at an exercise price of $0.11 per share. Proceeds raised from the Offering will be used towards exploration activities on the Company's Jackpot Lithium project and for general working capital and unallocated funds as per Tier 2 status requirements.
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