Edison Lithium Announces Extension of Term of Warrants
Edison Lithium Corp (TSXV: EDDY) (OTC Pink: EDDYF) has announced plans to extend the expiry date of 4,000,000 common share purchase warrants by 24 months, from October 26, 2025, to October 26, 2027. The warrants were originally issued during a private placement that closed on October 26, 2023.
The warrants maintain their original exercise price of $0.20 per Share. Company insiders currently hold 920,000 of these warrants. The warrant extension remains subject to TSX Venture Exchange approval, with all other warrant terms remaining unchanged.
Edison Lithium Corp (TSXV: EDDY) (OTC Pink: EDDYF) ha annunciato piani per estendere la data di scadenza di 4.000.000 di warrant per l'acquisto di azioni ordinarie di 24 mesi, da ottobre 26, 2025, a ottobre 26, 2027. I warrant sono stati originariamente emessi durante un collocamento privato che si è concluso il 26 ottobre 2023.
I warrant mantengono il loro prezzo di esercizio originale di $0,20 per azione. Gli insider della società attualmente detengono 920.000 di questi warrant. L'estensione dei warrant è soggetta all'approvazione della TSX Venture Exchange, con tutti gli altri termini dei warrant che rimangono invariati.
Edison Lithium Corp (TSXV: EDDY) (OTC Pink: EDDYF) ha anunciado planes para extender la fecha de vencimiento de 4,000,000 de warrants de compra de acciones ordinarias por 24 meses, desde el 26 de octubre de 2025 hasta el 26 de octubre de 2027. Los warrants fueron emitidos originalmente durante una colocación privada que se cerró el 26 de octubre de 2023.
Los warrants mantienen su precio de ejercicio original de $0.20 por acción. Los miembros internos de la empresa actualmente poseen 920,000 de estos warrants. La extensión de los warrants está sujeta a la aprobación de la TSX Venture Exchange, manteniéndose todos los demás términos de los warrants sin cambios.
Edison Lithium Corp (TSXV: EDDY) (OTC Pink: EDDYF)는 4,000,000개의 보통주 매입 워런트의 만료일을 24개월 연장할 계획을 발표했습니다. 만료일은 2025년 10월 26일에서 2027년 10월 26일로 변경됩니다. 이 워런트는 2023년 10월 26일에 종료된 사모 배정 중에 처음 발행되었습니다.
워런트는 원래의 행사 가격인 $0.20 per Share를 유지합니다. 회사 내부자는 현재 920,000개의 이 워런트를 보유하고 있습니다. 워런트 연장은 TSX Venture Exchange의 승인을 받아야 하며, 다른 모든 워런트 조건은 변경되지 않습니다.
Edison Lithium Corp (TSXV: EDDY) (OTC Pink: EDDYF) a annoncé des plans pour prolonger la date d'expiration de 4 000 000 de bons de souscription d'actions ordinaires de 24 mois, passant du 26 octobre 2025 au 26 octobre 2027. Les bons ont été émis à l'origine lors d'un placement privé qui s'est terminé le 26 octobre 2023.
Les bons conservent leur prix d'exercice d'origine de 0,20 $ par action. Les initiés de l'entreprise détiennent actuellement 920 000 de ces bons. La prolongation des bons est soumise à l'approbation de la TSX Venture Exchange, tous les autres termes des bons restant inchangés.
Edison Lithium Corp (TSXV: EDDY) (OTC Pink: EDDYF) hat Pläne angekündigt, das Ablaufdatum von 4.000.000 Kaufwarrants für Stammaktien um 24 Monate zu verlängern, von 26. Oktober 2025 auf 26. Oktober 2027. Die Warrants wurden ursprünglich während einer Privatplatzierung ausgegeben, die am 26. Oktober 2023 abgeschlossen wurde.
Die Warrants behalten ihren ursprünglichen Ausübungspreis von 0,20 $ pro Aktie. Insider des Unternehmens halten derzeit 920.000 dieser Warrants. Die Verlängerung der Warrants steht unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange, wobei alle anderen Bedingungen der Warrants unverändert bleiben.
- Extended warrant expiration provides additional time for potential capital raising
- Maintained exercise price at $0.20 per share without dilutive adjustments
- Warrant extension suggests possible challenges in near-term warrant exercise expectations
- 23% of warrants held by insiders (920,000 out of 4,000,000) indicates significant insider exposure
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") announces that it intends to extend the expiry date of an aggregate of 4,000,000 common share purchase warrants (the "Warrants") by 24 months to October 26, 2027 (the "Warrant Extension").
The Warrants were issued pursuant to a private placement which closed on October 26, 2023, and are currently set to expire on October 26, 2025. Each Warrant entitles the holder thereof to acquire one common share of the Company ("Share") at an exercise price of
All other terms of the Warrants, including the exercise price, are to remain unchanged. The Warrant Extension is subject to the approval of the TSX Venture Exchange.
About Edison Lithium Corp.
Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, and other energy metal properties. The Company's acquisition strategy is based on acquiring affordable, cost-effective, and highly regarded mineral properties in areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical materials to the battery industry and intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metals space.
On behalf of the Board of Directors:
"Nathan Rotstein"
Chief Executive Officer and Director
For more information please contact:
Tel: 416-526-3217
Email: info@edisonlithium.com
Website: www.edisonlithium.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Disclaimer: This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates" "believes", "intends", "estimates", "potential" "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Warrant Extension and receipt of all necessary approvals in connection therewith. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain all required regulatory approvals. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
The Company seeks safe harbour.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247016
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