ILI Imagine Lithium Inc

ILI Technologies (2002) Corp. (TSX VENTURE:ILI) It should be emphasized that any
potential consolidation regardless of the ratio will only be considered if it is
deemed necessary to attract significant capital to grow the business. The
company's primary objective is to try and secure additional capital to support
new growth opportunities through some form of debt facility, either through a
convertible debenture, a line of credit or other instrument that will not
require the company to proceed with a consolidation of shares or substantially
dilute the company further at these low levels. 


The company is growing very quickly and the opportunities before us require
additional capital to execute. No one likes a share consolidation but sometimes
it may be necessary because of the current market capitalization of the company
in order to attract larger capital. When you are trading at these levels and new
business opportunities are brought forward that require significant capital
prior to execution, every consideration must be taken in advance before entering
into a firm commitment. If the company does not allow for the appropriate
provisions in advance business opportunities could be lost as a result of timely
delays that it will take to obtain approvals at a later date. I wish to make it
clear that it is not the company's intention to proceed with a share
consolidation unless it is absolutely necessary to secure significant capital
that will result in new revenue growth for the company." 


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, anticipated sales of the company and completion
of installation projects . Although we believe that the expectations reflected
in the forward-looking information are reasonable, there can be no assurance
that such expectations will prove to be correct. We cannot guarantee future
results, performance or achievements. Consequently, there is no representation
that the actual results achieved will be the same, in whole or in part, as those
set out in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: general economic conditions in Canada and Mexico and
globally; industry conditions, governmental regulation, including environmental
regulation; unanticipated operating events or performance; failure to obtain
industry partner and other third party consents and approvals, if and when
required; the availability of capital on acceptable terms; the need to obtain
required approvals from regulatory authorities; stock market volatility;
competition for, among other things, capital, skilled personnel and supplies;
changes in tax laws; and the other industry and geographic specific risk
factors. Investors are cautioned that this list of risk factors should not be
construed as exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Investors are cautioned not to place undue reliance on
forward-looking information.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the securities in any state of
the United States or any other jurisdiction outside of Canada in which such
offer, solicitation or sale would be unlawful. The securities have not been
registered under the U.S. Securities Act of 1933, as amended, or any state
securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the U.S. Securities Act of 1933 and applicable state securities laws.

Imagine Lithium (TSXV:ILI)
Historical Stock Chart
From Nov 2024 to Dec 2024

Imagine Lithium (TSXV:ILI)
Historical Stock Chart
From Dec 2023 to Dec 2024