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Spod Lithium Corp. (SPOD.CN) has announced a non-brokered private placement. The company will issue up to 4,835,000 units at seven cents per unit. Each unit includes one Class A common share and half of one transferable Class A common share purchase warrant.
Each whole warrant can be exercised for an additional common share at 12 cents for 24 months from the date of issuance. The issued securities will undergo a four-month hold period as per Canadian securities laws.
The financing’s net proceeds will serve general working capital purposes.
About Spod Lithium Corp.
Spod Lithium is a mineral exploration company. It focuses on acquiring and developing mineral properties containing battery, base, and precious metals. The company’s flagship assets are its lithium properties in Quebec’s James Bay region and Ontario’s Nipigon and Niemi region.
Company Website: https://www.spodlithiumcorp.com
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