Spod Lithium Announces the Closing of Flow-Through Units Offering
Spod Lithium Corp (CSE: SPOD) (OTCQB: SPODF) has completed a non-brokered private placement of flow-through units, raising $272,750 in gross proceeds. The company issued 4,196,155 flow-through units at $0.065 per unit, with each unit comprising one flow-through common share and one warrant. Each warrant allows the purchase of an additional share at $0.10 within 24 months.
The warrants include an acceleration clause triggered if the stock maintains a $0.20 daily weighted average price for 20 consecutive trading days. The proceeds will fund exploration work on the company's LG4 and MegaLi properties. The company paid $15,592.50 in cash commissions and issued 239,885 finder's warrants to Laurentian Bank Securities and Raymond James.
Spod Lithium Corp (CSE: SPOD) (OTCQB: SPODF) ha completato un collocamento privato di unità a flusso senza intermediari, raccogliendo $272,750 in proventi lordi. L'azienda ha emesso 4,196,155 unità a flusso a $0,065 per unità, con ogni unità composta da un'azione comune a flusso e un warrant. Ogni warrant consente l'acquisto di un'azione aggiuntiva a $0,10 entro 24 mesi.
I warrants includono una clausola di accelerazione attivata se le azioni mantengono un prezzo medio ponderato giornaliero di $0,20 per 20 giorni di trading consecutivi. I proventi finanzieranno il lavoro di esplorazione sui beni LG4 e MegaLi dell'azienda. L'azienda ha pagato $15,592.50 in commissioni in contante e ha emesso 239,885 warrant per il finder a Laurentian Bank Securities e Raymond James.
Spod Lithium Corp (CSE: SPOD) (OTCQB: SPODF) ha completado una colocación privada no intermediada de unidades de flujo, recaudando $272,750 en ingresos brutos. La empresa emitió 4,196,155 unidades de flujo a $0.065 por unidad, cada una compuesta por una acción común de flujo y una garantía. Cada garantía permite la compra de una acción adicional a $0.10 dentro de 24 meses.
Las garantías incluyen una cláusula de aceleración que se activa si la acción mantiene un precio promedio diario ponderado de $0.20 durante 20 días de negociación consecutivos. Los ingresos financiarán el trabajo de exploración en las propiedades LG4 y MegaLi de la empresa. La empresa pagó $15,592.50 en comisiones en efectivo y emitió 239,885 garantías para el buscador a Laurentian Bank Securities y Raymond James.
스폿 리튬 Corp (CSE: SPOD) (OTCQB: SPODF)은 비중개 방식으로 유상증자를 완료하고 총 $272,750의 수익을 올렸습니다. 회사는 $0.065에 4,196,155개의 유상증자 유닛을 발행했으며, 각 유닛은 하나의 유상 일반주와 하나의 워런트로 구성되어 있습니다. 각 워런트는 24개월 이내에 $0.10에 추가 주식을 구매할 수 있게 해줍니다.
워런트에는 주식이 연속 20일 동안 하루 평균 $0.20의 가격을 유지할 경우 발효되는 가속 조항이 포함되어 있습니다. 이 수익은 회사의 LG4 및 MegaLi 자산에 대한 탐사 작업을 지원할 것입니다. 회사는 Laurentian Bank Securities와 Raymond James에 대해 $15,592.50의 현금 수수료를 지급하고 239,885개의 파인더 워런트를 발행했습니다.
Spod Lithium Corp (CSE: SPOD) (OTCQB: SPODF) a complété un placement privé sans intermédiaire de unités de passage, levant $272,750 de recettes brutes. L'entreprise a émis 4,196,155 unités de passage au prix de $0,065 par unité, chaque unité comprenant une action ordinaire de passage et un warrant. Chaque warrant permet d'acheter une action supplémentaire à $0,10 dans les 24 mois.
Les warrants incluent une clause d'accélération qui est déclenchée si l'action maintient un prix moyen pondéré quotidien de $0,20 pendant 20 jours de trading consécutifs. Les recettes financeront des travaux d'exploration sur les propriétés LG4 et MegaLi de l'entreprise. L'entreprise a payé $15,592.50 en commissions en espèces et a émis 239,885 warrants de finder à Laurentian Bank Securities et Raymond James.
Spod Lithium Corp (CSE: SPOD) (OTCQB: SPODF) hat eine nicht vermittelte Privatplatzierung von Flussdurchlauf-Einheiten abgeschlossen und dabei $272,750 an Bruttoeinnahmen gesammelt. Das Unternehmen hat 4,196,155 Flussdurchlauf-Einheiten zu je $0,065 ausgegeben, wobei jede Einheit aus einer Flussdurchlauf-Stammaktie und einem Warrant besteht. Jeder Warrant ermöglicht den Kauf einer zusätzlichen Aktie zu $0,10 innerhalb von 24 Monaten.
Die Warrants enthalten eine Beschleunigungsklausel, die ausgelöst wird, wenn die Aktie über 20 aufeinanderfolgende Handelstage einen gewogenen Tagesdurchschnittspreis von $0,20 hält. Die Erlöse werden die Erkundungsarbeiten an den LG4- und MegaLi-Propertys des Unternehmens finanzieren. Das Unternehmen hat $15,592.50 in Barprovisionen gezahlt und 239,885 Finder-Warrants an Laurentian Bank Securities und Raymond James ausgegeben.
- Secured $272,750 in funding for exploration activities
- Warrant structure provides potential upside with $0.10 exercise price
- Strategic investment to advance LG4 and MegaLi properties exploration
- Dilution of existing shareholders through issuance of 4,196,155 new units
- Low unit pricing at $0.065 indicates challenging market conditions
- Additional potential dilution from exercise of warrants and finder's warrants
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2024) - SPOD LITHIUM CORP. (CSE: SPOD) (OTCQB: SPODF), (the "Company" or "SPOD") is pleased to announce the closing of its non-brokered private placement for flow-through units for gross proceeds of
In connection with the closing of the Offering, the Company issued 4,196,155 flow-through units (the "FT Units") at a price of
The Company intends to use the net proceeds of the Offering for exploration work on the Company's portfolio, more specifically LG4 and MegaLi properties. The securities issued under the Offering, and any Common Shares that may be issuable on exercise of the Warrants, will be subject to a statutory hold period expiring four months and one day from the date of issuance.
The Company paid a cash commission of
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Spod Lithium Corp.
Spod Lithium Corp. is a leading exploration and development company focused on unlocking the vast potential of lithium resources. With a strategic approach to resource management and a commitment to sustainable practices, SPOD is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its primary lithium properties are strategically located in Quebec and Ontario, Canada, regions renowned for their rich deposits of these valuable resources. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca) or contact the Company through its website at www.spodlithiumcorp.com.
On Behalf of the Board of Directors
Mathieu Couillard
President, CEO & Director
+1 (647) 567-6757
mathieu.couillard@SPODlithiumcorp.com
Stay connected with SPOD
Website: www.spodlithiumcorp.com
Linkedin: www.linkedin.com/company/spod-lithium
X (formerly Twitter): www.x.com/spodlithium
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235577
FAQ
How much did Spod Lithium (SPODF) raise in its December 2024 flow-through offering?
What is the exercise price and term of SPODF's warrants from the December 2024 offering?
What are the acceleration terms for SPODF's warrants issued in December 2024?
How will SPODF use the proceeds from its December 2024 flow-through offering?
What finder's fees did SPODF pay for the December 2024 offering?
