VANCOUVER, BC and HOUSTON, TX , Dec. 29, 2023 /CNW/ -
International Battery Metals Ltd. , is pleased to announce that it has closed its non-brokered private placement as previously announced on December 21, 2023, by issuing 2,694,804 units of the Company at a price of $0.70 per Unit for aggregate proceeds to the Company of approximately USD$1.415 million . The Private Placement was oversubscribed. Each Unit consists of one common share in the capital of the Company , and one common share purchase warrant , with each Warrant entitling the holder to acquire an additional Common Share for a period of 24 months from closing at an exercise price of CAD$0.82. The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate ex...