Stria Lithium Inc. Announces Close of Private Placement and Appointment of New Director
April 10, 2019
For Immediate Release
SRA: TSX-VENTURE
STRIA LITHIUM INC. ANNOUNCES CLOSE OF PRIVATE PLACEMENT AND
APPOINTMENT OF NEW DIRECTOR
OTTAWA, April 10, 2019 – Stria Lithium Inc. (TSX-V:SRA) (“Stria” or the “Company”) announces
today the closing of its previously announced equity financing (the “ Offering”). The Company
closed the Offering in two tranches as announced on December 12, 2018 and January 14, 2019.
In total the Company raised gro ss proceeds of $500,000 and issued a total of 10,000,000 flow -
through units (a “Unit”). Each Unit is comprised of one (1) flow -through common share and one
common share purchase warrant. As previously disclosed, the Company paid a cash finder’s fee
totaling $14,000 and issued 280,000 warrants (the “ Finder Warrants”). Each Finder Warrant
entitles the finder to purchase one (1) common share at a price of $0.055 per common share until
December 27, 2020.
Two insiders of the Company participated in the f irst tranche of the Offering and subscribed for
an aggregate of 3,000,000 Units representing an aggregate amount of approximately $150,000.
One insider participated in the second tranche of the Offering and subscribed for an aggregate of
an additional 3,500,000 Units representing an aggregate amount of approximately $175,000.
Participation of insiders of the Company in the Offering constitutes a "related party transaction"
as defined under Multilateral Instrument 61 -101 - Protection of Minority Security Ho lders in
Special Transactions (" MI 61 -101"). The Offering is ex empt from the formal valuation and
shareholder approval requirements of MI 61 -101 as neither the fair market value of securities
being issued to insiders nor the consideration being paid by ins iders will exceed 25% of the
Company's market capitalization.
The Company is also announcing that, effective April 5, 2019, Robin Dow, HBA, MBA, FCSI has
been appointed to its Board of Directors after the passing of Chester Burtt . Mr. Dow has more
than 35 years of experience in financing public resource companies, and has raised over $150
million since he started Dow Group in 1988. Mr. Dow’s appointment remains subject to the
approval of the TSX Venture Exchange.
The Company also announced the grant of 2 ,500,000 incentive stock options to its directors,
officers, employees, and consultants. The options are to purchase up to 2,500,000 common
shares of the Company at an exercise price of $0.05 per share and expire on April 10, 2024.
About Stria
Stria Lithium is a Canadian junior mining exploration company with an expanding technology
focus and is the sole owner of the Pontax spodumene lithium property in Northern Québec.
Stria’s mission is to be a reliable, profitable global source for both lith ium metal and lithium
compound products and process technologies for producing value added lithium products.
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Stria’s expanded business focus is on the application of in -house developed technologies and
processes that lead to the production and milling of lithium metal and lithium metal foil for
advanced lithium batteries. From the production of lithium metal also comes the value added
production of: lithium hydroxide; lithium carbonate; lithium fluoride; and lithium chloride.
Lithium is a critical metal in the universal fight against global warming. It is a core component of
Lithium-Ion batteries used for powering electric vehicles and for industrial scale energy storage.
For more information about Stria Lithium, please visit www.strialithium.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contact:
Stria Lithium Inc.
Mr. Gary Economo
Chief Executive Officer
+1-613-241-4040
www.strialithium.com