International Lithium Corp. announced a non-brokered private placement of up to 40,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 2,000,000 on October 24, 2023. Each Unit will be comprised of one common share and one-half of one share purchase warrant.

Each Warrant will entitle the holder to acquire one additional common share at an exercise price of CAD CAD 0.10 per common share for a period of three years from the date of issue. It is anticipated that some directors and insiders will participate in this offering.