Infinite Lithium Corp (ILI)

[Sam Dan]

Well there are a lot of investors attracted to ILI. increase in the PP should close soon. Let the games begin!
" Infinite Ore Corp. (the "Company") (TSXV:ILI is pleased to announce that it is increasing the size of its previously announced private placement (see PR dated September 30, 2020). Due to increased demand, the private placement financing will be increased from 20,000,000 units ("Units") to 23,000,000 Units at a price of $0.05 per Unit for gross proceeds of $1,150,000. In addition, the company will complete a private placement of up to 5,835,000 flow-through units ("FT Units") at a price of $0.06 per FT Unit for gross proceeds of $350,100 (collectively, the "Offering"). This private placement is subject to TSX Venture approval.

Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each FT Unit will consist of one flow-through common share and one-half of one Warrant (FT Warrant). Each full Warrant and full FT Warrant will entitle the Subscriber to purchase one Share for a period of 24-month period after the Closing Date at an exercise price of $0.10 per share.

Proceeds raised from the Offering will be used towards ongoing geological work on the Company's Eastern Vision project in the Red Lake area as well as for general working capital. The Offering is expected to close on or about October 15th, 2020 and is subject to receipt of acceptance by the TSX Venture Exchange (the "TSX-V"). Finder's fees may be payable in connection with the Offerings, in accordance with the policies of the TSX-V.