Stria Lithium reprices private placement

Executive Summary

• Stria Lithium Inc. has repriced the terms of its previously announced non-brokered private placement, reducing the price per unit from the original terms to 47 cents.
• The company intends to issue up to 2,127,659 units for aggregate gross proceeds of up to $1,000,000, subject to TSX Venture Exchange acceptance.
• Each unit consists of one common share and one full common share purchase warrant exercisable at 59 cents per share for three years.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Issued: Up to 2,127,659 units.
• Price Per Unit: 47 cents.
• Gross Proceeds: Up to $1,000,000.
• Warrant Terms: Each unit includes one full common share purchase warrant.
• Warrant Exercise Price: 59 cents per share.
• Warrant Expiration: Three years from the date of issuance.
• Use of Proceeds: Advancement of mineral exploration assets and operations, potential future acquisitions, and general working capital purposes.
• Insider Participation: Certain insiders may participate, constituting a related party transaction exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 (as fair market value and consideration are not expected to exceed 25% of market capitalization).
• Regulatory Conditions: Completion is subject to acceptance by the TSX Venture Exchange.
• Hold Period: All securities are subject to a statutory hold period of four months and one day from issuance.
• Finder’s Fees: May be paid in accordance with TSX-V policies.

Notable Quotes

• None provided in the text.