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Bullboard - Stock Discussion Forum 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... see more

TSXV:ILI - Post Discussion

Imagine Lithium Inc. > IMPORTANT APPROVAL FROM TSE OF THE MULTIPLE PRIVATE
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Post by HHHAPPY on Dec 20, 2021 7:39pm

IMPORTANT APPROVAL FROM TSE OF THE MULTIPLE PRIVATE

PLACEMENTS CONFIRMED TODAY. 
As well M&A filing released today lists the referred PP
"During the period ended October 31, 2021, the Company had working capital of $31,321 (January 31, 2021 – $1,058,063). On December 8, 2021, the Company completed non-flow through private placement of 49,287,200 units at a price of $0.06 per unit for aggregate gross proceeds of $2,957,232. Each unit consists of one common share and one transferable share purchase warrant of the Company. Each warrant will entitle the holder to purchase one share at a price of $0.10, expiring on December 8, 2023. Completed flow-through private placement of 6,712,800 units at a price of $0.085 per unit for aggregate gross proceeds of $570,588. Each unit consists of one flow-through common share and one transferable non-flow-through share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at a price of $0.11, expiring on December 8, 2023. In connection to the financing, the Company paid finders' fees of $47,875. 
Amazing list of potential holdings in the M&A, investors should read the Filing
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