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Stria Lithium Inc. Announces the Re-Pricing of Previously Announced Non-Brokered Private Placement of up to $1,000,000
Ottawa, Ontario--(Newsfile Corp. - February 25, 2026) - Stria Lithium Inc. (TSXV: SRA) (OTCQB: S...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Lithium Inc. Announces the Re-Pricing of Previously Announced Non-Brokered Private Placement of up to $1,000,000Ottawa, Ontario--(Newsfile Corp. - February 25, 2026) - Stria Lithium Inc. (TSXV: SRA) (OTCQB: SRCAF) (FSE: S35A) (\"Stria\" or the \"Company\") is pleased to announce that further to the February 13, 2026 news release, it has repriced the terms of the non-brokered private placement,(the \"Financing\") for gross proceeds of up to $1,000,000, subject to acceptance by the TSX Venture Exchange (the \"TSXV\").The Company proposes to issue up to 2,127,659 units (the \"Units\") at a price of $0.47 per Unit for aggregate gross proceeds of up to $1,000,000.Each Unit will consist of:One (1) common share in the capital of the Company; andOne (1) full common share purchase warrant.Each warrant will entitle the holder to purchase one (1) additional common share at an exercise price of $0.59 per share for a period of three (3) years from the date of issuance.The proceeds of the Financing will be used for advancement of the Company's mineral exploration assets and operations, potential future acquisitions, and general working capital purposes.Certain insiders of the Company may participate in the Financing. Such participation will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company expects that any insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to Sections 5.5(a) and 5.7(1)(a) thereof, as neither the fair market value of the securities issued to insiders nor the consideration paid by insiders is expected to exceed 25% of the Company's market capitalization.Finders' fees may be paid in connection with the Financing in accordance with the policies of the TSXV.All securities issued pursuant to the Financing will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and TSXV policies.Completion of the Financing remains subject to acceptance by the TSXV.About Stria LithiumStria Lithium (TSXV: SRA) is an emerging resource exploration company developing Canadian lithium reserves to meet legislated demand for electric vehicles and their ...