VANCOUVER, BC, and HOUSTON, May 6, 2024 /CNW/ -
International Battery Metals Ltd. , is pleased to announce that it has closed its previously announced non- brokered private placement financing . Pursuant to the Private Placement, the Company issued 18,642,134 units , with each Unit being issued at a deemed price of CAD$0.76632, for aggregate proceeds of USD$10,436,000 . Each Unit consists of one common share of the Company, and one Common Share purchase warrant , each Warrant entitling the holder thereof to acquire one Common Share for a period of two years from the date of issuance for an exercise price of CAD$0.9579 per Common Share. In connection with the Private Placement, the Company extended the expiry of 6,396,999 previously issued Common Share purchase warrants from A...