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18:16:49 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Spod Lithium Corp
Symbol SPOD
Shares Issued 51,868,715
Close 2023-10-19 C$ 0.10
Market Cap C$ 5,186,872
Recent Sedar Documents

Spod Lithium arranges private placement

2023-10-24 19:03 ET - News Release

Subject: News For Dissemination Word Document File: '\\swfile\EmailIn\20231024 155814 Attachment SPOD_NR_Priv Plcmnt Oct 24-2023 Final.docx' 2 News Release SPOD LITHIUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT Vancouver, B.C. - October 24, 2023 - SPOD LITHIUM CORP. ("SPOD" or the "Company") (CSE: SPOD) (OTCQB:SPODF) announces that it will be conducting a non-brokered private placement (the "Financing") by way of the issuance of up to 4,835,000 units (each, a "Unit") at a price of $0.07 per Unit, each Unit consisting of one Class A common share (each, a "Common Share") and one-half of one transferable Class A common share purchase warrant (each whole warrant, a "Warrant", exercisable for an additional common share (each, a "Warrant Share") at $0.12 for 24 months from the date of issuance). The securities issued will be subject to a four-month hold period according to applicable securities laws of Canada. Net proceeds of the Financing will be used for general working capital purposes. About Spod Lithium Corp. Spod Lithium Corp. is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base, and precious metals. The Company's flagship assets are its Lithium properties located in the James Bay region of Quebec and the Nipigon and Niemi region of Ontario, Canada. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company through its website at www.spodlithiumcorp.com or by telephone at 604.721-3000. On Behalf of the Board of Directors Chris Cooper Chief Executive Officer Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The CSE has not reviewed, approved or disapproved the contents of this news release.

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