VANCOUVER, BC, and HOUSTON, Dec. 8, 2023 /CNW/ --
International Battery Metals Ltd. , is pleased to announce that it has closed its previously announced private placement of units . Pursuant to the Private Placement, the Company issued 1,629,838 units at a price of CAD$0.70 per Unit, for aggregate gross proceeds of CAD$1,140,886. 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 expenditures. The securities issued under the Private Placement are sub...