VANCOUVER, BC, and HOUSTON, Dec. 21, 2023 /CNW/ - International Battery Metals Ltd. (the "Company") (CSE: IBAT) is pleased to announce that as a result of investor demand, it intends to complete a second closing of its previously announced private placement completed on December 8, 2023. In the second closing, the Company expects to issue up to 2,475,757 units (each, a "Unit") for a price of CAD$0.70 per Unit, for total proceeds of up to USD $1.3 million (the "PrivatePlacement"). Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will permit the holder to acquire one additional Common Share at a price of $0.82 for a period of 24 months from closing of the Private Placement.
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