SPOD Lithium Announces Upsizing of its Private Placement

Core Points - SPOD Lithium Corp. intends to upsize its private placement offering to 25,000,000 units at a price of $0.02 per unit, aiming for gross proceeds of up to $500,000 [1][3] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.05 within 24 months [2] - The net proceeds from the offering will be used for general working capital purposes [3] - The offering will be made to qualified purchasers under exemptions from prospectus and registration requirements [3] Group 2: Related Party Transactions - Directors and officers of the company may participate in the offering, which is classified as a related party transaction under MI 61-101 [3] Group 3: Regulatory and Compliance Information - The company may pay finders' fees to eligible finders, subject to compliance with securities laws and CSE policies [4] - All securities issued will be subject to a statutory hold period of four months and one day from issuance [4] - The offering has not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or exemption [5] Group 4: Company Overview - SPOD Lithium Corp. is focused on lithium resource exploration and development, with properties located in Quebec and Ontario, Canada [7]