International Battery Metals has announced that it has received a preliminary approval to list on the venture exchange arm of the Toronto Stock Exchange (TSX), a move that is expected to enhance its exposure to a wider range of investors.
The Canadian Securities Exchange-listed lithium extraction company revealed on Friday that it has obtained conditional approval to list on the TSX Venture Exchange. The management team at International Battery Metals is determined to fulfill all the necessary conditions, and upon completion, a date for listing will be set.
The company is optimistic that being listed on the TSX Venture Exchange, which is one of the largest global public venture markets, will significantly increase its visibility among institutional investors and attract a broader audience.
Furthermore, International Battery Metals plans to raise up to $850,000 through a private placement of 1.6 million units, with the funds allocated towards its ongoing operations.
Each unit is composed of one common share and one warrant and will be offered at a price of 70 Canadian cents per unit (52 U.S. cents).
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