Vancouver, British Columbia–(Newsfile Corp. – February 25, 2025) – IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the “Company” or “Imagine”) is pleased to announce a non-brokered private placement of 28,000,000 flow-through shares (the “FT Shares”) at a price of $0.0459 per share for gross proceeds of $1,285,000, representing a premium of 83.6% over the previous closing price of the Company’s common shares on the TSX Venture Exchange. In addition, the Company will complete a private placement of 35,500,000 million non-flow-through common shares (the “Common Shares”) at a price of $0.03 per common share for gross proceeds of $1,065,000. Total gross proceeds from the private placements will be $2,350,020.
The gross proceeds from the sale of the FT Shares will be used for general exploration expenditures on the Jackpot Lithium Project located approximately 140 km north-east of Thunder Bay, Ontario (see Figure 1). An exploration…
