VANCOUVER, BC and HOUSTON, June 20, 2024 /CNW/ -
International Battery Metals Ltd. , is pleased to announce that it has completed a subsequent closing of its previously announced strategic private placement . Pursuant to the Private Placement, the Company issued 11,478,246 units , with each Unit being issued at a deemed price of CAD$0.76632, for aggregate proceeds of USD$6,430,772 . 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. The Private Placement was completed with EV Metals VI LLC, a private company controlled by Jacob Warnock, a director of the Compa...