Ion Energy Ltd (TSE:ION) has released an update.
Lithium ION Energy Ltd., a company engaged in the exploration and development of lithium resources, has settled a debt of $143,669 through the issuance of 606,675 common shares and has concurrently granted 1,250,000 stock options to insiders and consultants. These newly issued shares will adhere to a four-month hold period, while the stock options are exercisable at $0.09 for two years. This strategic financial maneuver is set to bolster ION’s position in the lithium market, as it continues to expand its exploration projects in Mongolia and Canada.
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