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Stria Announces Closing of Previously Announced Private Placement and Receipt of Shareholder Consent to the Option and Joint Venture with Cygnus Gold
(TheNewswire) OTTAWA, ONTARIO – TheNewswire - August 23, 2022 - Stria ...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Announces Closing of Previously Announced Private Placement and Receipt of Shareholder Consent to the Option and Joint Venture with Cygnus Gold\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OTTAWA, ONTARIO –\n \n \n TheNewswire -\n \n \n August 23, 2022 - Stria Lithium Inc.\n(TSXV:SRA)\n \n (“\n \n Stria\n \n ”\nor the “\n \n Company\n \n ”) is\npleased to announce the closing of a financing (the “\n \n Offering\n \n ”) announced in its press\nrelease of July 28, 2022 through the issuance of 4,274,999 units at a\nprice of $0.15 per unit for gross proceeds of $641,250. Each unit was\nissued on August 19, 2022 and consists of one common share in the\ncapital of Stria (a “\n \n Common\nShare\n \n ”) and one-half of one Common Share purchase warrant\n(each whole warrant a “\n \n Warrant\n \n ”). Each Warrant entitles the holder to acquire one\nadditional Common Share at an exercise price of $0.50 per Common Share\nfor a period of 24 months from the closing date.\n \n \n Stria intends to use the net proceeds from this Offering for working\ncapital and general corporate purposes.\n \n \n The securities issued in this Offering are subject to a four-month and\none (1) day hold period expiring on December 20, 2022.\n \n \n In connection with this first closing of the Offering, finder’s fees\nequal to an aggregate amount of $7,200 were paid, and 48,000\nfinder’s warrants were issued, to third parties dealing at arm’s\nlength with Stria. Each finder’s warrant entitles the holder to\nacquire one Common Share at an exercise price of $0.50 per Common\nShare for a period of 24 months from the closing date. The Offering is\nsubject to certain conditions including, but not limited to, the\nreceipt of all necessary regulatory and other approvals, including the\nacceptance by the TSX-V.\n \n \n \n Update on Option and Joint Venture\nwith Cygnus Gold\n \n \n \n Further to Stria’s news release of July 28, 2022, Stria is pleased\nto announce that it has obtained shareholder approval of the\npreviously announced binding term sheet (the “\n \n Term Sheet\n \n ”) with Cygnus Gold\nLimited (ASX: CY5) (“\n \n Cygnus\n \n ”). As previously announced, pursuant to the Term\nSheet, Cygnus h...