Stria Announces Closing of $200,000 Private Placement
July 21, 2017
For Immediate Release
TSX-Venture: SRA
STRIA ANNOUNCES CLOSING OF $200,000 PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
OTTAWA – July 21, 2017 -- Stria Lithium Inc. (TSXV:SRA) (“Stria” or the “Company”) is pleased
to announce that it has held a first closing of its previously -announced private placement by
issuing 5,000,000 units at a price of $0.04 per unit, for gross proceeds to Stria of $200,000 to
“accredited investors” in Ontario. Each of the units is comprised of one common share and one
common share purchase warrant. Each warrant will entitle the holder to acquire one additional
common share of Stria at a price of $0.05 until July 20, 2020.
Additional closings of the private placement may be held until August 21, 2017, subject to a
maximum of 12,500,000 units, for total maximum gross proceeds of $500,000.
Stria will use the proceeds from the first closing of the private placement for general corporate
purposes ($66,000), which includes the further development of its lithium extraction process, to
pay the finder’s fee under the private placement ($12,600) and to reduce it current liab ilities
($120,000). Of the amount to be paid to reduce its current liabilities, it is expected that no
payments will be made to related persons of Stria.
In connection with the private placement, Stria paid a finder’s fee to Secutor Capital Management
Corporation in the amount of $12,600, representing 7% of the gross proceeds raised in the first
closing of the private placement through Secutor Capital Management Corporation and issued to
Secutor Capital Management Corporation 315,000 broker warrants in connection with the sale of
the units. Each broker warrant entitles the holder to acquire one common share of Stria
Exploration at a price of $0.05 until July 20, 2020.
Under applicable securities legislation and the policies of the TSX Venture Exchange, the
securities issued in the private placement are subject to a four -month hold period, expiring on
November 21, 2017.
About Stria Lithium Inc.
Stria 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 lithium metal and lithium compound products
and process technologies for producing value added lithium products.
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 val ue 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.
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Stria is part of the 2GL Platform green energy technology strategy alliance with Grafoid Inc., Focus
Graphite Inc. and Braille Battery Inc.
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 accuracy or adequacy
of this release.
Contact:
Stria Lithium Inc.
Gary Economo, President & CEO
613 241-4040
www.strialithium.com