• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    lithium investing

    Stria Lithium Inc. Announces Close of Private Placement and Appointment of New Director

    Anwesha Sengupta
    Apr. 11, 2019 07:09AM PST
    Battery Metals
    TSXV:SRA

    Stria Lithium Inc. (TSXV:SRA)(“Stria” or the “Company”) announces today the closing of its previously announced equity financing (the “Offering”).

    Stria Lithium Inc. (TSXV:SRA)(“Stria” or the “Company”) announces today the closing of its previously announced equity financing (the “Offering”). The Company closed the Offering in two tranches as announced on December 12, 2018 and January 14, 2019. In total the Company raised gross proceeds of $500,000 and issued a total of 10,000,000 flow-through units (a “Unit”). Each Unit is comprised of one (1) flow-through common share and one common share purchase warrant. As previously disclosed, the Company paid a cash finder’s fee totaling $14,000 and issued 280,000 warrants (the “Finder Warrants”). Each Finder Warrant entitles the finder to purchase one (1) common share at a price of $0.055 per common share until December 27, 2020.

    Two insiders of the Company participated in the first tranche of the Offering and subscribed for an aggregate of 3,000,000 Units representing an aggregate amount of approximately $150,000. One insider participated in the second tranche of the Offering and subscribed for an aggregate of an additional 3,500,000 Units representing an aggregate amount of approximately $175,000.

    Participation of insiders of the Company in the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Offering is exempt from the formal valuation and shareholder approval requirements of MI 61-101 as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders will exceed 25% of the Company’s market capitalization.

    The Company is also announcing that, effective April 5, 2019, Robin Dow, HBA, MBA, FCSI has been appointed to its Board of Directors after the passing of Chester Burtt. Mr. Dow has more than 35 years of experience in financing public resource companies, and has raised over $150 million since he started Dow Group in 1988. Mr. Dow’s appointment remains subject to the approval of the TSX Venture Exchange.

    The Company also announced the grant of 2,500,000 incentive stock options to its directors, officers, employees, and consultants. The options are to purchase up to 2,500,000 common shares of the Company at an exercise price of $0.05 per share and expire on April 10, 2024.

    About Stria

    Stria Lithium is a Canadian junior mining exploration company with an expanding technology focus and is the sole owner of the Pontax spodumene lithium property in Northern Québec. Stria’s mission is to be a reliable, profitable global source for both lithium metal and lithium compound products and process technologies for producing value added lithium products.

    Stria’s expanded business focus is on the application of in-house developed technologies and processes that lead to the production and milling of lithium metal and lithium metal foil for advanced lithium batteries. From the production of lithium metal also comes the value added production of: lithium hydroxide; lithium carbonate; lithium fluoride; and lithium chloride.

    Lithium is a critical metal in the universal fight against global warming. It is a core component of Lithium-Ion batteries used for powering electric vehicles and for industrial scale energy storage.

    For more information about Stria Lithium, please visit www.strialithium.com.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Contact:

    Stria Lithium Inc.
    Mr. Gary Economo
    Chief Executive Officer
    +1-613-241-4040
    geconomo@strialithium.com
    www.strialithium.com

    Click here to connect with Stria Lithium Inc. (TSXV:SRA) for an Investor Presentation. 

    Source: www.globenewswire.com

    canadian junior mining exploration companypontax spodumene lithium propertylithium investingstria lithium inc.tsxv:sragary economo
    The Conversation (0)

    Go Deeper

    AI Powered
    Text saying "lithium" overlaid on stock chart with a globe in the background.

    Top 9 Global Lithium Stocks of 2025

    Lithium battery over stock chart.

    11 Lithium Stocks Betting on Direct Lithium Extraction

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    International Lithium Corp.

    ILC:CA

    Lithium Africa

    Atlantic Lithium

    A11:AU

    Jindalee Lithium

    JLL:AU

    CleanTech Lithium

    CTLHF

    Lithium Universe

    LU7:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×