Edison Lithium arranges $600,000 private placement

Executive Summary

• Edison Lithium Corp. has arranged a non-brokered private placement of up to 12 million units for gross proceeds of up to $600,000.
• Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at $0.08 per share for two years.
• Net proceeds will be used for exploration activities on company projects and general working capital.

Key Details

• Structure: Non-brokered private placement of up to 12 million units.
• Price: $0.05 per unit.
• Gross Proceeds: Up to $600,000.
• Unit Composition: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.08 per share.
• Warrant Expiry: Two years from the date of issuance.
• Use of Proceeds: Financing exploration activities on the company's projects and for general working capital purposes.
• Hold Period: All securities are subject to a statutory hold period of four months from the date of issuance.
• Regulatory Status: Offering is subject to TSX Venture Exchange acceptance.
• Related Party Transactions: Certain directors and officers may acquire securities; this is considered a related party transaction under Multilateral Instrument 61-101. The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements as the fair market value of securities distributed to insiders and consideration received will not exceed 25% of the company's market capitalization.
• Fees: Finders' fees may be applicable.