Eureka Lithium Corp. Closes Flow Through and Non-Flow Through Private Placement
Eureka Lithium Corp has completed two private placements: a flow-through offering raising $150,040 through the issuance of 682,000 shares at $0.22 per share, and a non-flow-through placement of 100,000 units at $0.15 per unit. For the flow-through placement, the company paid $9,002.40 in finder's fees and issued 40,920 finder's warrants exercisable at $0.22 until December 27, 2026. The non-flow-through units include one common share and one warrant exercisable at $0.205 for 24 months. The flow-through proceeds will be used for Canadian exploration expenses, which will be renounced to subscribers under the Income Tax Act.
Eureka Lithium Corp ha completato due collocamenti privati: un'offerta di flusso che ha raccolto $150,040 attraverso l'emissione di 682,000 azioni a $0.22 per azione, e un collocamento non di flusso di 100,000 unità a $0.15 per unità. Per il collocamento di flusso, la società ha pagato $9,002.40 come commissioni per i mediatori e ha emesso 40,920 warrant per mediatori esercitabili a $0.22 fino al 27 dicembre 2026. Le unità non di flusso includono un'azione comune e un warrant esercitabile a $0.205 per 24 mesi. I proventi del flusso saranno utilizzati per spese di esplorazione in Canada, che saranno rinunciate agli abbonati ai sensi della legge sul reddito.
Eureka Lithium Corp ha completado dos colocaciones privadas: una oferta de flujo que ha recaudado $150,040 mediante la emisión de 682,000 acciones a $0.22 por acción, y una colocación no de flujo de 100,000 unidades a $0.15 por unidad. Para la colocación de flujo, la empresa pagó $9,002.40 en tarifas de intermediario y emitió 40,920 garantías para intermediarios ejercitables a $0.22 hasta el 27 de diciembre de 2026. Las unidades no de flujo incluyen una acción común y una garantía ejercitable a $0.205 durante 24 meses. Los ingresos del flujo se utilizarán para gastos de exploración en Canadá, que serán renunciados a los suscriptores bajo la Ley del Impuesto sobre la Renta.
유레카 리튬 주식회사가 두 개의 사모 배치를 완료했습니다: 흐름 통과 제안을 통해 주당 $0.22로 682,000주의 발행을 통해 $150,040을 모금하고, 비 유동성 배치로 100,000개의 유닛을 주당 $0.15로 제공했습니다. 흐름 통과 배치의 경우, 회사는 중개인 수수료로 $9,002.40을 지불했으며, 2026년 12월 27일까지 $0.22에 행사 가능한 40,920개의 중개인 워런트를 발행했습니다. 비 유동성 유닛에는 1개의 보통 주식과 24개월 동안 $0.205에 행사 가능한 1개의 워런트가 포함되어 있습니다. 흐름 통과 수익금은 캐나다 탐사 비용에 사용되며, 이는 소득세법에 따라 구독자에게 포기됩니다.
Eureka Lithium Corp a complété deux placements privés : une offre de flux qui a permis de lever 150 040 $ grâce à l'émission de 682 000 actions à 0,22 $ par action, et un placement non-flux de 100 000 unités à 0,15 $ par unité. Pour le placement de flux, l'entreprise a payé 9 002,40 $ en frais de courtage et a émis 40 920 bons de souscription pouvant être exercés à 0,22 $ jusqu'au 27 décembre 2026. Les unités non-flux comprennent une action ordinaire et un bon de souscription exerçable à 0,205 $ pendant 24 mois. Les produits du flux seront utilisés pour les dépenses d'exploration canadiennes, qui seront renoncées aux abonnés en vertu de la Loi sur l'impôt sur le revenu.
Eureka Lithium Corp hat zwei private Platzierungen abgeschlossen: ein Flow-Through-Angebot, das $150.040 durch die Emission von 682.000 Aktien zu je $0,22 gesammelt hat, und eine nicht-flow-through Platzierung von 100.000 Einheiten zu $0,15 pro Einheit. Für die Flow-Through-Platzierung hat das Unternehmen $9.002,40 in Findergebühren gezahlt und 40.920 Finder Warrants emittiert, die bis zum 27. Dezember 2026 zu $0,22 ausgeübt werden können. Die nicht-flow-through Einheiten umfassen eine Stammaktie und einen Warrant, der für 24 Monate zu $0,205 ausgeübt werden kann. Die Einnahmen aus dem Flow-Through werden für kanadische Explorationsausgaben verwendet, die den Abonnenten gemäß dem Einkommenssteuergesetz gewährt werden.
- Successfully raised $150,040 through flow-through financing
- Additional capital raised through non-flow-through unit offering
- Flow-through funds dedicated to Canadian exploration activities
- Share dilution from issuance of new shares and warrants
- Additional cash expenses of $9,002.40 in finder's fees
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2024) - Eureka Lithium Corp. (CSE: ERKA) (OTCQB: SCMCF) (FSE: S580) ("Eureka Lithium" or "Eureka" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement (the "Private Placement") of 682,000 flow-through common shares of the Company ("Flow-Through Shares") at a price of
In connection with closing of the Private Placement, the Company paid cash finder's fees in the aggregate of
The Company also announces that it has closed a concurrent non-flow-through private placement (the "Non-Flow Through Private Placement") of 100,000 units of the Company (each a "Unit") at a price of
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Corporate Video
To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:
https://www.youtube.com/watch?v=9Vvm0zfNFp4
Corporate Presentation
Visit the Eureka Lithium homepage or click on the following URL to view the Company's Corporate Presentation:
https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf
About Eureka Lithium Corp.
Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with
For more information please contact:
David Bowen
Interim Chief Executive Officer
Email: info@eurekalithiumcorp.com
Cautionary Statement
Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, statements contained within the Corporate Video and Corporate Presentation, and the use of proceeds from the Private Placement, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management's expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Private Placement will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235605
FAQ
How much did Eureka Lithium (UREKF) raise in its flow-through private placement?
What are the terms of UREKF's non-flow-through private placement units?
What finder's fees did UREKF pay for the flow-through placement?
How will UREKF use the proceeds from the flow-through shares?
