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ION Energy Completes $1,000,000 Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - July 20, 2023) - ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (...
About this update from Osiris One Metals Ltd.
[{"type":"text","content":"ION Energy Completes $1,000,000 Non-Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - July 20, 2023) - ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) (\"ION\" or the \"Company\") announces that it has completed a non-brokered private placement of 4,000,000 units of the Company (\"Units\") at a price of $0.25 per Unit, for aggregate gross proceeds of $1,000,000 (the \"Offering\"). Each Unit consists of one common share of the Company (a \"Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder to acquire one Share for $0.40 for a period of 12 months after the closing of the Offering, provided that in the event that the daily volume weighted average closing price of the Shares on the TSX Venture Exchange (the \"TSXV\") or a recognized Canadian stock exchange equals or exceeds $0.60 for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by issuing a press release announcing the reduced Warrant term and in such case, the Warrants will expire on the 30th calendar day after the date such press release is issued.\"The Company is extremely pleased to announce the closing of this non-brokered offering that allows ION Energy to advance the very first maiden resource estimate for brine in Mongolia, at our highly encouraging Urgakh Naran site. With the recent critical metals interest in Mongolia from governments and strategics alike, ION's vision is being realized. This also paves the way for the commencement of exploration at our very exciting, newly-acquired Northwest Territories Tier 1 asset,\" said Ali Haji, CEO & Director of ION Energy Ltd.The proceeds from the Offering will be used primarily for exploration activities at the Company's properties, as well as for general corporate purposes. The Offering is subject to receipt of all necessary regulatory approvals, including approval of the TSXV. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.In connection with the Offering, the Company paid to finders an aggregate cash commission of $56,100.The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly, may not be of...