ION Announces Upsized Private Placement
ION Announces Upsized Private Placement
Toronto, Ontario--(Newsfile Corp. - February 2, 2026) - Lithium ION Energy Limited (TSXV: ION) (FSE:
ZA4) ("
ION
" or the "
Company
") is pleased to announce that as a result of strong investor demand, the
Company has increased the aggregate proceeds of its previously announced non-brokered private
placement from $600,000 to $1,500,000.
Under the terms of the upsized non-brokered private placement the Company proposes to issue
37,500,000 units (each, a "
Unit
"), at a purchase price of $0.04 per Unit, to raise total gross proceeds of
up to $1,500,000 (the "
Offering
").
Each Unit of the Offering will consist of one common share of the Company and one common share
purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at
a price of $0.05 at any time on or before that date which is twenty-four (24) months from the closing date
of the Offering, subject to the approval of the TSX Venture Exchange ("
TSXV
"). These Units will be
subject to a statutory hold period of four (4) months plus one (1) day from the date of issuance.
The net proceeds from the Offering will be used maintain the Company's existing exploration portfolio,
and for general working capital. The Units will be offered to qualified investors in reliance upon
exemptions from the prospectus and registration requirements of applicable securities legislation. The
Company may pay finders' fees to eligible finders in connection with the Offering, subject to compliance
with applicable securities laws and the policies of the TSXV.
All securities issued and sold under the Offering will be subject to a hold period expiring four months and
one day after the date of issuance in accordance with applicable securities laws and the policies of the
TSXV. Completion of the Offering, and the payment of any finders' fees remain subject to the receipt of
all necessary regulatory approvals, including the approval of the TSXV.
About Lithium ION Energy Ltd.
Lithium ION Energy Ltd. (TSXV: ION) (FSE: ZA4) is committed to exploring and developing high quality
lithium resources in strategic jurisdictions. ION is focused on advancing the 29,000+ hectare Urgakh
Naran highly prospective lithium brine licence in Dorngovi Province in Mongolia. ION is positioned to be
a key player in the clean energy revolution and service the world's increased demand for lithium.
Information about the Company is available on its website,
www.ionenergy.ca
, or under its profile on
SEDAR+ at
www.sedarplus.ca
.
On behalf of the Board
Sreenath Didugu
CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Forward-looking information includes, but is not limited to, the completion of the
Offering on the terms and timing described herein, the
Offering, the Company's proposed use of
proceeds from the Offering, receipt of TSXV approval for the Offering and, the Company's reliance on
certain exemptions from requirements under MI 61-101, the Company filing a material change report
and the timing thereof,. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as "will", "anticipates" or variations of such words and phrases or statements
that certain actions, events or results "will" occur. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made and they are from
those expressed or implied by such forward-looking statements or forward-looking information subject
to known and unknown risks, uncertainties and other factors that may cause the actual results to be
materially different, including receipt of all necessary regulatory approvals. Although management of
the Company have attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements and forward-looking information. The Company will not
update any forward-looking statements or forward-looking information that are incorporated by
reference herein, except as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/282444