Stria Lithium Terminates Change of Business Transaction
Stria Lithium Terminates Change of Business Transaction
OTTAWA, ON - December 8, 2021. St ria Lithium Inc. (TSX-V:SRA) (" Stria" or the " Company") and
Grafoid Inc. ("Grafoid") announced today that they have agreed to terminate the letter of intent dated July
6, 2021 which contemplated the licensing of Grafoi d’s water purification assets and intellectual property
by Stria in a Change of Business transaction (the " Transaction") pursuant to the policies of the TSX
Venture Exchange (the " Exchange"). Due to matters beyond the reasona ble control of Stria and Grafoid,
due diligence was unable to be completed and therefore the parties have agreed to terminate the letter of
intent. Grafoid has not yet completed the necessary a udits of its financial statements required for the
Transaction. Furthermore, Stria’s management believ es, given the drill results from the Pontax Project
previously announced on December 2, 2021, that termina ting the Transaction is in the best interest of the
Company and its shareholders.
Stria expects to resume trading on the Exchange under its trading sy mbol SRA, following the voluntary
halt the Company implemented on July 6, 2021 when the Transaction with Grafoid was announced.
Stria is also pleased to announce that they have retain ed Refined Substance Inc. (“Refined Substance”) to
provide investor relations consulting services to th e Company. Refined Substance is a Montreal-based
communications and marketing firm providing investor relations serv ices for the mining industry. Under
the terms of the agreement, Refined Substance will provide investor relations services, including press
release drafting and dissemination, responding to in vestor inquiries, and communications. Compensation
payable in cash to Refined Substances will be based on an hourly rate invoi ced monthly. There are no
performance factors contained in the agreement. The agreement is effective as of September 30, 2021 and
may be terminated upon 30 days’ notice. Refined S ubstance and the Company are arm’s length parties.
Refined Substance is principally owned by Kimberly Darlington.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain "for ward-looking information"
within the meaning of applicable securities law. Fo rward-looking information is frequently characterized
by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or "will" occur. Although we believe that the
expectations reflected in the forward-looking inform ation are reasonable, there can be no assurance that
such expectations will prove to be correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the actual results achieved will be the same, in
whole or in part, as those set out in the forward-looking information.
Forward-looking information is b ased on the opinions and estimates of management at the date the
statements are made and are subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from tho se anticipated in the forward-looking information.
Please refer to the risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are
cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the forward-looking information to conform such
information to actual results or to changes in our ex pectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
About Stria Lithium Inc.
Stria Lithium is a Canadian junior mineral explor ation company with an expanding technology focus and
has a 100% interest in the Pontax spodumene lithium project in Northern Québec.
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.
For more information, please contact:
Kimberly Darlington
Communications, Stria Lithium
Judith Mazvihwa-Maclean
CFO, Focus Graphite
(613) 581-4040