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Eureka Lithium Announces Closing of $1.8 Million Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Eureka Lithium Corp. (CSE: ERKA) (OTCQB: SCMCF) (FSE: S580) ("Eureka Lithium" or "Eureka" or
About this update from Eureka Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Eureka Lithium Corp. (CSE: ERKA) (OTCQB: SCMCF) (FSE: S580) (\"Eureka Lithium\" or \"Eureka\" or the \"Company\") is pleased to announce, further to its news release of November 24, 2023, it has closed a non-brokered private placement financing, issuing 3,335,000 flow-through units of the Company (\"Flow-Through Units\") for gross proceeds of $1,800,900 (the \"Private Placement\"). Each Flow-Through Unit consists of one (1) common share in the capital of the Company (\"Share\") that qualifies as a \"flow-through share\" as defined in the Income Tax Act (Canada) and one-half (1/2) of one (1) Share purchase warrant (\"Warrant\"), with each Warrant entitling the holder to purchase a Share at an exercise price of $0.75 until November 29, 2025. In connection with closing of the Private Placement, the Company paid cash finder's fees in the aggregate of $77,679.00 and issued a total of 143,850 finder's warrants (each, a \"Finder's Warrant\"). Each Finder's Warrant is exercisable into a Share at an exercise price of $0.75 until November 29, 2025. The net proceeds from the Private Placement are intended to be used to advance the Company's Raglan West, Raglan South and New Leaf Camps. The Flow-Through Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful. Corporate Video To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or click here. Corporate Presentation Visit the Eureka Lithium homepage or click here to view the Company's Corporate Presentation. About Eureka Lithium Corp. Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects compris...