Forza Lithium Announces Closing of Equity Raise
https://forzalithium.com/
CSE Trading Symbol: FZ
Email: [email protected]
Telephone: (604)-290-6152
NEWS RELEASE
March 21st, 2024
Forza Lithium Announces Closing of Equity Raise
Vancouver, British Columbia – Forza Lithium Corp. (CSE: FZ) (“Forza” or the “ Company”) is
pleased to announce that it has closed its previously announced non-brokered private placement.
The Company raised total gross proceeds of $250,200 with the issuance of 3,127,500 common
shares (the "Shares") with all securities having a four -month hold period . The Company paid
$2,900 in Finders’ fees on the offering.
The net proceeds of the Offering will be used to advance exploration activities at the Jeanette
Lithium Property as well as for general working capital. Finder's fees may be paid on the Offering
pursuant to the policies of the Canadian Securities Exchange.
About Forza Lithium Corp.
Forza Lithium is a Canadian exploration company with focused expertise on the acquisition,
exploration and development of highly prospective lithium properties in North America. The
flagship project, the Jeanette Lithium Property, consists of 4 claims comprising 1,820 hectares
and lies 105 km east of the mining community of Red Lake, Ontario. The Company’s strong
management team is committed to maximizing shareholder value through new mineral
discoveries located in favourable jurisdictions through its strategically located properties.
ON BEHALF OFTHE BOARD OF DIRECTORS,
Robert Coltura
President and CEO
Forza Lithium Corp.
Tel: (604-290-6152)
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release related to the Company are forward -looking statements
and are prospective in nature. Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future event s and are therefore subject to
risks and uncertainties which could cause actual results to differ materially from the future results
expressed or implied by the forward -looking statements. These statements generally can be
identified by the use of forward -looking words such as “may”, “should”, “could”, “intend”,
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“estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar
variations. Forward -looking statements in this news release include, but are not limited to,
statements regarding the completion of the Transaction on t he terms and conditions expressed,
the expected timing of closing, receipt of the shareholder, regulatory and third party approvals
required for the Transaction, the expected benefits of the Transaction, information concerning the
Property, its prospects and the favorable regulatory environment, near by communities, operating
conditions and infrastructure, Planet Green ’s option to acquire 100% of the interest in the
Property, the Company’s expectations in planning an exploration program on the Property and
the Company’s business plans in identifying, acquiring and unlocking value in mineral
opportunities in Canada and other low-risk jurisdictions. Such forward-looking statements are
based on a number of assumptions of management, including, without limitati on, that the
Company and Planet Green will be able to complete the Transaction on the terms and within the
time frame expected; that Planet Green will be able to obtain shareholder approval for the
Transaction; that the Company will be able to obtain any necessary third party and regulatory
approvals required for the Transaction; if completed, that the Transaction will provide the
expected benefits to the Company, Planet Green and the shareholders of both companies; that
Planet Green will be able to maintai n the Harrison Road Lithium Option Agreement in good
standing; and that the completion of the Transaction will not be adversely impacted by COVID-19
or the ongoing conflict in Eastern Europe. There are numerous risks and uncertainties that could
cause actual results and the Company’ s plans and objectives to differ materially from those
expressed in the forward-looking information contained in this news release, including: adverse
market conditions, general economic, market or business risks, unanticipated costs, the failure of
Planet Green and the Company to complete the Transaction on the terms and conditions and
within the timeframe expected, the failure of Planet Green to obtain shareholder approval for the
Transaction, the Company’s failure to obtain any necessary approvals for the Transaction, the
failure of Planet Green to maintain the Harrison Road Lithium Option Agreement in good standing,
risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global
markets, risks relating to the extent and duration of COVID -19 and its impact on Planet Green
and the Company and other factors beyond the control of the Company, including those other
risks more fully described in the Company’s annual and quarterly management’s discussion and
analysis and other filings made by the Company with Canadian securities regulatory authorities
under the Company’s profile at www.sedarplus.ca. Readers are cautioned that forward -looking
statements are not guarantees of future performance or events and, accordingly, are cautioned
not to put undue reliance on such statements. Accordingly, the forward -looking statements
contained in this news release are made as of the date hereof and, unless required by applicable
law, the Company assumes no obligation to update any forward-looking statements.