Business
Stria Lithium Announces Non-Brokered Private Placement
(TheNewswire) Ottawa, ON – TheNewswire - November 8, 2022 ...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Lithium Announces Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Ottawa, ON –\n \n \n TheNewswire -\n \n \n November 8, 2022 — Stria Lithium Inc.\n(TSXV:SRA)\n \n \n (OTC:SRCAF)\n \n \n (the “\n \n \n Company\n \n \n ”) announced today that it has closed a non-brokered\nprivate placement of 2,685,000 units (the “\n \n \n Units\n \n \n ”) of the\nCompany at a price of $0.225 per Unit (the “\n \n \n Offering Price\n \n \n ”)\nfor aggregate gross proceeds to the Company of $604,125.00 (the\n“\n \n \n Offering\n \n \n ”). Each Unit consists of one common share (a\n“\n \n \n Common Share\n \n \n ”) in the capital of the Company and one-half of one\nnon-transferable common share purchase warrant (each whole warrant, a\n“\n \n \n Warrant\n \n \n ”) of the Company.  Each whole Warrant will entitle the\nholder thereof to acquire one Common Share at an exercise price per\nCommon Share of $0.50 for a period of 24 months from the closing of\nthe Offering (the “\n \n \n Closing\nDate\n \n \n ”).\n \n \n \n \n Cygnus advised Stria that the initial-stage ground\nmapping and sampling has been completed around the main outcrop of the\nPontax Project.\n \n \n Samples are currently pending\nfor analysis.\n \n \n \n \n \n \n \n No\ncommissions or fees are payable in connection with this financing. The\nnet proceeds of this financing will be used to maintain the Company's\nexisting operations and general working capital requirements.\n \n \n \n \n \n \n The\nOffering is subject to certain conditions including, but not limited\nto, the receipt of final approval of the TSXV. The Units are being\noffered on a private placement basis to accredited investors pursuant\nto the \"accredited investor\" exemption or other available\nand agreed upon exemptions from prospectus requirements. The Units,\nincluding all underlying securities thereof, will have a hold period\nof four months and one day from the date of issue.\n \n \n \n \n This press release shall not constitute\nan offer to sell or the solicitation of an offer to buy, nor shall\nthere be any sale of these securities in any jurisdiction in which\nsuch offer, solicitation or sale would be unlawful prior to\n...