Ion Energy Ltd. Completes Debt Settlement Agreements, Issuing Common Shares
Ion Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: ZA4) has successfully completed debt settlement agreements with certain creditors, settling a total of $98,419 in debt by issuing 393,675 common shares at a deemed price of $0.25 per share. These shares will be subject to a hold period of four months and one day after issuance, in compliance with securities laws and TSXV policies.
The company, focused on exploring and developing lithium resources in strategic locations, holds the Baavhai Uul lithium brine project in Mongolia and the Urgakh Naran lithium brine license in Dorngovi Province. With recent acquisitions in Canada, Ion Energy is well-positioned to meet the growing demand for lithium in the clean energy sector.
Ali Haji, company contact, stated, “Ion Energy is committed to being a key player in the clean energy revolution, and these debt settlement agreements will strengthen our financial position as we continue to pursue our exploration and development activities.”
Siloni Waraich, media contact, emphasized the company’s dedication to providing sustainable energy solutions and highlighted the importance of lithium in advancing clean technology.
Ion Energy Ltd. encourages interested parties to visit their website for further information on their projects and initiatives. With the completion of these debt settlement agreements, the company is poised to advance its mission of providing high-quality lithium resources in key jurisdictions.
