Corporate ActionApr 29, 2026, 04:42 PM
IBATF Raises C$3.8M via Private Placement of 34.3M Units
AI Summary
INTERNATIONAL BATTERY METALS LTD. (IBATF) entered into a subscription agreement with EV Metals 9 LLC for a private placement of 34,315,465 units, raising C$3,809,017. Each unit, priced at C$0.111, consists of one common share and one warrant. Each warrant allows the holder to purchase an additional common share at C$0.145 for four years. This transaction is part of a larger non-brokered offering aiming to raise up to US$15,000,000, with US$12.229M already subscribed prior to this agreement.
Key Highlights
- IBATF raised C$3,809,017 through a private placement.
- Issued 34,315,465 units to EV Metals 9 LLC.
- Each unit priced at C$0.111, comprising one common share and one warrant.
- Warrants exercisable at C$0.145 per share for four years.
- Part of a non-brokered offering up to US$15,000,000.
- US$12.229M previously subscribed under the same offering.
- Total outstanding Common Shares are 343,033,509 prior to this issuance.
Price Impact
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