Edison Lithium Closes Private Placement Financing

Executive Summary

• Edison Lithium Corp. closed a non‑brokered private placement, issuing 11,157,500 units at $0.05 per unit for total gross proceeds of $557,875.
• Each unit consists of one common share and one warrant exercisable at $0.08 per share for two years; the company also issued 640,000 non‑transferable finder warrants at $0.08.
• Proceeds will fund exploration activities on Edison’s projects and general working capital; directors and officers participated, purchasing 237,500 units for $11,875.

Key Details

• Units Issued: 11,157,500 (each = 1 common share + 1 warrant)
• Price per Unit: $0.05
• Gross Proceeds: $557,875
• Warrant Terms: Exercise price $0.08 per share; exercisable for two years from issuance.
• Finder Warrants: 640,000 non‑transferable warrants issued; exercise price $0.08; valid until February 9 2028.
• Related Party Participation: Directors/officers purchased 237,500 units for $11,875 (≈2% of fair market value).
• Cash Finder’s Fees Paid: $32,000.
• Use of Proceeds: Exploration activities on company projects and general working capital.
• Statutory Hold Period: All securities subject to hold until June 10 2026; additional four‑month hold on shares issued upon exercise of stock options.
• Stock Option Grant: 1,500,000 options granted to directors, officers, consultants; $0.10 exercise price; five‑year term; fully vested on grant date (Feb 9 2026).

Notable Quotes

“We are pleased to have successfully closed this financing, which provides essential capital to advance our exploration program and support ongoing operations.” – Nathan Rotstein, CEO & Director.