Question for you. Why does the original report back in Dec 2019
It says .14 Canadian???????
Dr. Burba, needs to move out of Colorado. He smokes more weed than I do. He has the last report wrong.
I was right all along. And I just smoked a joint WTF man.
December 9, 2019
International Battery Metals Ltd. (the “Company”) (CSE: “IBAT”) announces private placement agreements with Escorcia Metals Corporation a licensee of the Company’s lithium extraction technology and Beaty Limited for the purchase of up to 13,000,000 units at a price of $0.105 USD (approximately $0.14 CAD) per unit for total proceeds of up to $1,365,000 ( approximately $1,820,000 CAD). Each unit will consist of one common share of the Company and one non-transferable share purchase warrant. Each warrant will be exerciseable to purchase an additional common share at a price of $0.105 USD (approximately $0.14 CAD) per share for a period of two years from closing of the private placement. The private placement is expected to be completed in tranches over a 45-day period. Any amount not completed with the 45-day period will be subject to re-pricing under the CSE private placement policy. Under the terms of the private placement agreements the placees will be granted a pre-emptive right for two years from closing, in respect of any equity securities issuance by the Company, to purchase at fair market value the amount of securities required to maintain their percentage holding of the Company. The placees have agreed to vote their shares with management on general meeting matters during the two-year period. The proceeds will be used to commence fabrication of the Company’s first lithium extraction unit and to pay accounts payable totaling approximately $325,000 CAD of which approximately $146,000 CAD will be paid to related parties.
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