Infinite Lithium Corp (ILI)

[Sam Dan]

INFINITE ANNOUNCES FLOW THROUGH AND NON-FLOW FINANCINGS
Infinite Lithium Corp. has arranged a non-brokered private placement of up to 10 million flow-through units at a price of eight cents per unit for aggregate gross proceeds of $800,000. Each unit will be composed of one flow-through common share and one-half of one transferable non-flow-through share purchase warrant of the company. Each full warrant will entitle the subscriber to purchase one warrant share for a 24-month period after the closing date at an exercise price of 12 cents per share. Proceeds raised from the FT offering will be used toward drilling, prospecting and other related activities on the company's newly acquired, contiguous properties (collectively named Eastern Vision), located in the Red Lake area of Northwestern Ontario.
In conjunction with the flow-through financing, the company further announces that it has arranged a non-brokered private placement of up to 10 million units at a price of five cents per unit for aggregate gross proceeds of $500,000. Each unit will be composed of one common share and one-half of one transferable share purchase warrant of the company. Each full warrant will entitle the subscriber to purchase one warrant share for a 24-month period after the closing date at an exercise price of 10 cents per share. Proceeds raised from the offering will be used for general working capital and unallocated funds as per Tier 2 status requirements.
Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.
These offerings are subject to TSX Venture Exchange acceptance.
About Infinite Lithium Corp.
Infinite Lithium is a junior mining exploration company focused on advancing the newly acquired Eastern Vision property, located in the Red Lake area of Northwestern Ontario.