Eureka Lithium Corp. Closes Flow Through and Non-Flow Through Private Placement
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Eureka Lithium Corp.
1133 Melville Street, Suite 2700
Vancouver, BC V6E 4E5
EurekaLithiumCorp.com | CSE: ERKA
Eureka Lithium Corp. Closes Flow Through and Non-Flow Through Private Placement
Vancouver, British Columbia, December 30, 2024 – Eureka Lithium Corp. (CSE: ERKA) (OTC: SCMCF) (FSE:
S580) (“Eureka Lithium” or “ Eureka” or the “ Company”) is pleased to announce that it has closed the
previously announced non -brokered private placement (the “ Private Placement ”) of 682,000 flow-
through common shares of the Company (“ Flow-Through Shares”) at a price of $0. 22 per Flow-Through
Share for aggregate gross proceeds of $ 150,040. The Flow-Through Shares are intended to qualify as
“flow through shares” within the meaning of the Income Tax Act (Canada) (the “ Tax Act”). The gross
proceeds from the issuance of the Flow -Through Shares will be used to incur “Canadian exploration
expenses” as such term is defined in the Tax Act, which the Company intends to renounce to the
subscribers pursuant to the Tax Act.
In connection with closing of the Private Placement, the Company paid cash finder’s fees in the aggregate
of $9,002.40 and issued a total of 40,920 finder’s warrants (each, a “ Finder’s Warrant”). Each Finder’s
Warrant entitles the holder thereof to purchase one common share of the Company (each a “ Common
Share”) at an exercise price of $0. 22 until December 27, 2026 . The Flow-Through Shares, including all
underlying securities thereof, will have a hold period of four months and one day from the date of issue.
The Company also announces that it has closed a concurrent non-flow-through private placement (the
“Non-Flow Through Private Placement ”) of 100,000 units of the Company (each a “ Unit“) at a price of
$0.15 per Unit . Each Unit consists of one (1) Common Share and one (1) Common Share purchase warrant
(each a “Warrant“), with each Warrant entitling the holder thereof to purchase one Common Share at an
exercise price of $0.205 for a period of 24 months. The Units issued under the Non-Flow Through Private
Placement were sold to purchasers pursuant to the listed issuer fi nancing exemption under Part 5A of
National Instrument 45-106 – Prospectus Exemptions. The securities issued in connection with the Non -
Flow Through Private Placement will not be subject to resale restrictions in accordance with applicable
Canadian securities laws.
The securities described herein have not been and will not be registered under the United
States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or
sold in the United States absent registration or available exemptions from such registration requirements.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in
the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Corporate Video
To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com
(https://eurekalithiumcorp.com) or the following URL:
https://www.youtube.com/watch?v=9Vvm0zfNFp4
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Corporate Presentation
Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate
Presentation:
https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf
About Eureka Lithium Corp.
Eureka Lithium is the largest lithium -focused landowner in the northern third of Quebec, known as the
Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan
West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector
Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.
For more information please contact:
David Bowen
Interim Chief Executive Officer
Email: [email protected]
Cautionary Statement
Certain statements contained in this news release, including statements which may contain words such as “expects”,
“anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not
historical facts, statements contained within the Corporate Video and Corporate Presentation, and the use of proceeds from the
Private Placement, are forward -looking information within the meaning of applicable securities laws. Such forward -looking
statements refle ct management’s expectations and are based on certain factors and assumptions and involve known and
unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from
future results, performance, or achievements expressed or implied by such forward -looking statements. These factors should be
considered carefully, and readers should not place undue reliance on the Company’s forward -looking statements. The Company
believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no
assurance can be given that these expectations will prove to be correct, nor that the Private Placement will be completed as
contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward -looking
statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated event s,
except as expressly required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.