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Enter Symbol
or Name
USA
CA



Stria Lithium Inc
Symbol SRA
Shares Issued 16,046,162
Close 2014-10-28 C$ 0.145
Market Cap C$ 2,326,693
Recent Sedar Documents

Stria closes $181,420 first tranche of placement

2014-10-30 09:35 ET - News Release

Mr. Julien Davy reports

STRIA LITHIUM CLOSES FIRST TRANCHE OF A $1,000,000 NON-BROKERED PRIVATE PLACEMENT

Stria Lithium Inc. has closed the first tranche of a non-brokered private placement offering of up to $1-million.

The total private placement consists of the sale of up to 2,666,667 non-flow-through units at a price of 15 cents per unit for gross proceeds of $400,000, and up to 3,157,895 flow-through units at a price of 19 cents per flow-through unit for proceeds of up to $600,000. Each unit will consist of one common share of the company and one warrant. Each flow-through unit will consist of one flow-through common share of the company and one warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of 35 cents for a period of 24 months from closing.

The closing of the first tranche of the non-flow-through portion of the offering realized gross proceeds of $26,650.05 from the issue of 177,667 units. The closing of the first tranche of the flow-through portion of the offering realized proceeds of $154,770.20 from the issue of 814,580 flow-through units.

In connection with the offering, the company paid finders' fees totalling $3,179.40, and issued 17,780 non-transferable broker warrants with each warrant entitling the holder to acquire one common share of the company at a price of 35 cents per common share for a period of 24 months expiring on Oct. 29, 2016. Furthermore, directors and officers of the company participated in this first tranche of the offering for total proceeds of $130,000.25. The securities issued under the offering are subject to a four-month hold period expiring on March 2, 2015.

The funds will be used to complete exploration works on its lithium properties, and to further its proprietary lithium processing technologies currently in the final stage of development.

The offering is subject to the final approval of the TSX Venture Exchange.

We seek Safe Harbor.

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