viewInfinity Lithium Corporation Ltd

Infinity Lithium Corporation's CEO and managing director buys shares on-market

The company is developing its flagship San Jose Lithium Project in Spain.

man in street
The PFS underway on the project is expected next month

Infinity Lithium Corporation Ltd (ASX:INF) managing director and CEO Ryan Parkin has purchased 134,000 shares in the company through on-market trades.

The $9,968 purchase increases his overall holding in the company to 223,182 shares.

READ: Infinity Lithium Corporation secures $1.5 million to complete PFS

Last week, Infinity received commitments to raise $1.5 million from sophisticated investors in a share placement priced at 7 cents per share.

Funds raised will be primarily used to complete the pre-feasibility study (PFS) on the company’s flagship San Jose Lithium Project in Spain.

The PFS will build on the November 2018 scoping study that valued the lithium project at up to US$1.017 billion.

Proactive caught up with Parkin and executive director Vincent Ledoux Pedailles in May 2019 for an update.

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.09 AUD

Market: ASX
Market Cap: $25.35 m

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Infinity Lithium agrees European funding deal for San José project

Infinity Lithium Corporation Ltd's (ASX:INF) Vincent Ledoux Pedailles speaks to Proactive London's Andrew Scott following the news they've signed an MoU for a multi-staged investment and assistance package with European Union’s (EU) EIT InnoEnergy. The initial part of the package is an...

on 25/3/20

2 min read