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SPOD Lithium Announces Closing of Second Tranche of Private Placement
Newsfile· 2025-12-04 00:12
Core Points - SPOD Lithium Corp. completed the second tranche of its non-brokered private placement, raising gross proceeds of $88,000 from the sale of 4,400,000 units at a price of $0.02 per unit [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire an additional share at $0.05 within 24 months [2] - The company paid a cash commission of $3,200 to Raymond James Ltd. and issued 160,000 finder's warrants, representing 8% of the gross proceeds from purchasers introduced by Raymond James [3] Financial Details - The total gross proceeds from the offering amounted to $88,000, with each unit priced at $0.02 [1] - The cash commission paid to Raymond James was $3,200, and the finder's warrants issued were valued at 8% of the gross proceeds [3] Use of Proceeds - The net proceeds from the offering will be used for general working capital purposes [3] Regulatory Information - 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 exemption [5] Company Overview - SPOD Lithium Corp. is focused on exploring and developing lithium resources, with properties located in Quebec and Ontario, Canada [7] - The company emphasizes sustainable practices and innovation to deliver value for stakeholders [7]
SPOD Lithium Announces Upsizing of its Private Placement
Newsfile· 2025-10-20 21:25
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]
SPOD Lithium Announces Private Placement of Units
Newsfile· 2025-07-14 21:00
Core Points - SPOD Lithium Corp. intends to complete a private placement offering of up to 7,500,000 units at a price of $0.02 per unit, aiming for aggregate gross proceeds of up to $150,000 [1][2] - 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 after 24 months [2] - The net proceeds from the offering will be used for general working capital purposes [3] Offering Details - The offering will be made to qualified purchasers under exemptions from prospectus and registration requirements [4] - Directors and officers may participate in the offering, which is considered a related party transaction and is expected to be exempt from certain requirements [4] - Finders' fees may be paid to eligible finders in connection with the offering, subject to compliance with applicable laws [5] Regulatory and Closing Information - All securities issued will be subject to a statutory hold period of four months and one day from issuance [6] - The offering is expected to close on or about July 25, 2025, and may close in multiple tranches [6] - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or exemption [7] Company Overview - SPOD Lithium Corp. is focused on exploring and developing lithium resources, with properties located in Quebec and Ontario, Canada [9] - The company emphasizes sustainable practices and aims to deliver value for its stakeholders [9]