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Stria Lithium Inc. Receives TSX-V Approval to Extend the Expiry Date of Warrants
(TheNewswire) Ottawa, ON – TheNewswire - June 22, 2023 - Stria Lithi...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Lithium Inc. Receives TSX-V Approval to Extend the Expiry Date of Warrants\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 \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 June 22, 2023 - Stria Lithium Inc.\n(TSXV:SRA) (“Stria” or the “Company”) announces today it has\nreceived approval from the TSX Venture Exchange (“TSX-V”) to\nextend the date of 5,200,000 warrants all of which are exercisable at\n$0.50 per common shares (the “Warrants”). The extension of the\nexpiry date of the Warrants by an additional 24 months was approved.\nThe Warrants were issued as part of a private placement which closed\non June 24, 2021, and accordingly the new expiry date for the Warrants\nis June 24, 2025. All other terms of the Warrants remain unchanged.\n \n \n \n \n A total of 740,000 Warrants are held by “related\nparties” to the Company. Therefore, the amendment of the expiry date\nof the Warrants constitutes a “related party transaction” pursuant\nto Multilateral Instrument 61-101 Protection\n \n \n of Minority Security Holders in Special\nTransactions\n \n \n (“\n \n \n MI 61-101\n \n \n ”).\nHowever, the exemption from formal valuation and minority approval\nrequirement found at section 5.5 and 5.7 of MI 61-101 will be relied\non as the fair market value of the Warrants does not exceed 25% of the\nmarket cap of the company.\n \n \n \n \n \n \n \n \n About Stria Lithium\n \n \n \n \n Stria Lithium\n \n \n (TSX-V:\nSRA)\n \n \n is an emerging resource exploration company\ndeveloping Canadian lithium reserves to meet legislated demand for\nelectric vehicles and their rechargeable lithium-ion batteries.\n \n \n \n \n Lithium is a rare metal and an indispensable component\nof rechargeable lithium-ion batteries, one of the safest and most\nefficient energy storage technologies available today, used in\neverything from cellphones and power tools to electric cars and\nindustrial-scale energy storage for renewable power sources such as\nwind and solar generation.\n \n \n \n \n Stria’s Central\n \n \n Pontax\n \n \n Lithium Project covers 36 square\nkilometres, including 8 kilometres of strike along the prospective\nChambois Greenstone Belt...