Stria Announces Closing of $307,500 Private Placement
November 10, 2017
For Immediate Release
TSX-Venture: SRA
STRIA ANNOUNCES CLOSING OF $307,500 PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
OTTAWA – November 10, 2017 -- Stria Lithium Inc. (TSXV:SRA) (“Stria” or the “Company”) is
pleased to announce that it has closed its previously -announced private placement by issuing
6,150,000 Flow-Through Units at a price of $0.05 per unit, for gross proceeds to Stria of $307,500.
Each of the units is comprised of one common share and one common share purchase warrant
(the “Warrant”). Each warrant will entitle the holder to acquire one additional common share of
Stria at a price of $0.05 until November 9, 2021.
The securities issued in connection with the closing of the Offering are subject to a four -month
hold period expiring on March 10, 2018. The Offering is subject to the final approval of the TSX
Venture Exchange.
A director and an officer of the Company purchased a total of 3,000,000 Flow-Through Units.
Their participation under the Offering constitutes a “related party transaction” as defined under
National Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“NI
61-101”). However, such participation is exempt from the valuation and minority shareholder
approval requirements of NI 61-101 based on the fact that (i) no securities of the issuer are listed
on quoted on any stock exchange mentioned on Section 5.7(b)(i) of the Regulation 61-101; (ii)
neither the fair market value of the securities being issued nor the consideration to be recei ved
for those securities, as the transaction involves interested parties, exceeds $2,500,000; (iii) the
issuer has one or more independent directors in respect of the transaction who are not employees
of the issuer; and (iv) at least two -thirds of the directors described previously approve the
transaction. As for the disclosure requirement, the issuer wi ll file a Material Change Report in
accordance with Section 5.2 of the Regulation 61-101.
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 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.
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Stria is part of the 2GL Platform green energy technology strategic 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, CEO
613 241-4040
www.strialithium.com
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