SPOD Lithium Announces Closing of First Tranche of Private Placement

Core Points - SPOD Lithium Corp. has completed the first tranche of a non-brokered private placement, raising cumulative gross proceeds of $130,000 from the sale of 6,500,000 units at a price of $0.02 per unit [1][2] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with each 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, with no insiders participating in the offering [3] Group 2: Securities and Regulations - All securities issued will be subject to a statutory hold period of four months and one day, along with resale restrictions under CSE policies [4] - The securities have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption [5] Group 3: Company Overview - Spod Lithium Corp. is focused on exploring and developing lithium resources, with properties located in Quebec and Ontario, Canada [7]