Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

ION Energy launches bought-deal financing scheme to raise $3M to help fund exploration of its lithium brine projects

% of readers think this story is Fact. Add your two cents.


ION Energy Ltd (CVE:ION) (OTCQB:IONGF) (FRA:5YB) announced Tuesday a bought-deal financing scheme to raise $3 million.

In a statement, the company said it intends to use the net proceeds to fund exploration of its lithium brine projects as well as working capital and general corporate functions.

ION said PI Financial Corp is the lead underwriter on behalf of a syndicate of underwriters who have agreed to purchase six million units of ION at $0.50 each.

READ: ION Energy acquires the Urgakh Naran lithium brine project in Mongolia

Each unit shall consist of one share and one transferrable common share purchase warrant. And each warrant shall be exercisable into one additional share at $0.70 each for 36 months from closing — scheduled for April 13. 

ION intends to use the net proceeds of the offering to fund exploration at the company’s lithium brine projects and for working capital and general corporate purposes.

The company also has granted the underwriters an option to offer up to an additional 15% of the units to cover over-allotments, if any, and for market stabilization purposes. 

The underwriters’ option may be exercised for units, shares, warrants, or any combination thereof and may be exercised in whole or in part by written notice to the company within 30 days following the closing of the offering.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/944037/ion-energy-launches-bought-deal-financing-scheme-to-raise-3m-to-help-fund-exploration-of-its-lithium-brine-projects-944037.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.