Infinite Lithium Corp (ILI)

[Sam Dan]

Clarification and another increase in the PP. Major dilution but will provide the money needed to do the drilling to prove the value of new properties.OBVIOUSLY ALL DEPENDS on the results of the drilling
"January 20, 2020, Vancouver, BC, Canada – Infinite Lithium Corp. (“ILI” or the “Company”) (ILI-TSX:V) (OTCQB:ARXRF) announces that further to its press release dated January 15th announcing a non-brokered private placement of up to 8.4 million units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of $504,000.00 that due to overwhelming demand it is arranging to increase the financing to up to 20 million units for aggregate gross proceeds of $1,200,000 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one-half of one transferable Share purchase warrant of the Company ("Warrant"). 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 $0.10 per share.

Proceeds from the financing will be used for drilling and prospecting on the Company’s 3 newly acquired properties located in the Red Lake Mining District in Ontario, (see news releases dated December 2nd, 4th & 12th, 2019) as well as for general working capital and unallocated funds as per Tier 2 status requirement.
Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.

The offering is subject to TSX Venture Exchange acceptance.