Eureka Lithium Corp. Files Amended LIFE Offering Document

Core Viewpoint - Eureka Lithium Corp. has filed an amended and restated LIFE Offering Document, changing the exercise price of certain warrants from $0.45 to $0.50, which is part of a financing strategy to raise capital through private placements [1][2]. Group 1: LIFE Offering Details - The LIFE Offering involves a non-brokered private placement of up to 4,761,904 units at a price of $0.42 per unit, aiming for aggregate gross proceeds of up to $2,000,000 [2]. - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.50 for 24 months [2]. - The offering is made under the LIFE Exemption, allowing securities to be issued without resale restrictions in Canada, except Quebec [6]. Group 2: Concurrent Private Placements - The company plans two concurrent private placements, each aiming for up to $2,000,000 in gross proceeds [3][4]. - The first concurrent offering will also consist of 4,761,904 units at $0.42 per unit, with similar terms as the LIFE Offering [3]. - The second concurrent offering will consist of up to 4,166,666 flow-through units at $0.48 per unit, with warrants exercisable at $0.60 for 24 months [4]. Group 3: Regulatory and Compliance Information - Securities from the LIFE Offering will not be subject to resale restrictions, while those from the concurrent offerings will have a statutory hold period of four months and one day [5][6]. - The securities have not been registered under U.S. securities laws and cannot be offered or sold in the U.S. without proper registration or exemptions [6]. Group 4: Company Overview - Eureka Lithium holds approximately 158 claims in lithium camps in Quebec and has a 100% interest in the Tyee Titanium-Vanadium Project [7]. - The company also has an option to acquire a 100% interest in the Cabin Lake Polymetallic Project in British Columbia [7].