Ion Energy Announces Closing of $5.75 Million Public Offering Including Full Exercise of Over-Allotment Option
NEWS RELEASE
Ion Energy Announces Closing of $5.75 Million Public Offering
Including Full Exercise of Over-Allotment Option
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
Toronto, Ontario – April 13, 2021 – Ion Energy Ltd. (“ ION”, or the “Company”) (TSXV:ION) (OTCQB:
IONGF) (FSE: 5YB) announces that it has completed its public offering of 11,500,000 units of the Company
(the “Units”) at a price of $0.50 per Unit for aggregate gross proceeds to the Company of $5,750,000, which
amounts included the full exercise of the unde rwriters’ over-allotment option (the “Offering”). Each Unit
comprises one common share in the capital of the Company (each, a “Common Share”) and one Common
Share purchase warrant (each, a “Warrant”). Each Warrant is exercisable to acquire one Common Share
(a “Warrant Share”) for 36 months from the date hereof at an exercise price of $0.70 per Warrant Share.
The Offering was conducted by a syndicate of underwriters led by PI Financial Corp. and which included
Stifel GMP.
The Company intends to use the net proceeds of the Offering to fund ex ploration at its Mongolian lithium
brine projects and for general working capital purposes.
The listing of the Common Shares and Warrant Shar es, which has been conditionally approved, remains
subject to the final approval of the TSX Venture Exchange (“TSXV”).
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in
the United States. The securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered
or sold within the United States or to U.S. Person s unless registered under t he U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
About ION Energy Ltd.
ION Energy Ltd. (TSXV: ION) (OTC QB: IONGF) (FRA: 5YB) is committ ed to exploring and developing
Mongolia’s lithium salars. ION’s flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the
largest and first lithium brine exploration licence aw ard in Mongolia. ION also holds the 19,000+ hectare
Urgakh Naran highly prospective Lithium Brine licence in Dornogovi Province in Mongolia. ION is well-
poised to be a key player in the clean energy revolu tion, positioned well to 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.sedar.com.
For further information:
COMPANY CONTACT: Ali Haji, [email protected], 647-871-4571
MEDIA CONTACT: Siloni Waraich, [email protected], 416-432-4920
Neither the TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the
policies of the TSX Venture Exchang e) accepts responsibility for the adequacy or accu racy of this press
release.
Cautionary Statements Regarding Forward-Looking Statements
Information set forth in this news release contains forward-looking statements. Forward-looking statements
include estimates and statements that describe the Company’s future plans, objectives or goals, including
words to the effect that the Company or management expects a stated condition or result to occur. Forward-
looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”,
“may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and
address future events and conditions, by their very na ture they involve inherent risks and uncertainties.
Although these statements are based on information cu rrently available to the Company, the Company
provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and
other factors involved with forward-looking information could cause actual events, results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release includes, but is not limited to, the Company’s
anticipated use of the net proceeds of the Offering and listing of the Common Shares and Warrant Shares.
Important factors that could cause actual results to differ materially from the Company’s expectations
include, among others, re sults of exploration programs, acquisiti on opportunities, the ability to conduct
exploration programs in Mongolia due to, among other fa ctors, COVID-19, and the failure to obtain TSXV
approval for listing for any reason. There can be no assurance that forward-looking statements will prove
to be accurate and actual results and future events coul d differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.