Completion of Initial Public Offering and Listing ON the CSE
Not for distribution to United States newswire services or for
dissemination in the United States.
FORZA LITHIUM CORP.
9285 – 203B Street
Langley, British Columbia V1M 2L9
NEWS RELEASE
COMPLETION OF INITIAL PUBLIC OFFERING AND LISTING ON THE CSE
VANCOUVER, BRITISH COLUMBIA, June 27, 2023 – FORZA LITHIUM CORP . (the “Company”)
(CSE: “FZ”) is pleased to announce that it has completed its Initial Public Offering (the “ IPO”) of
5,000,000 common shares (the “Shares”) at a price of $0. 10 per Share for gross pr oceeds of $500,000.
Leede Jones Gable Inc. (the “ Agent”) also elected to exercise its over -allotment option (the “Over
Allotment Option ”) in full in connection with the I PO. Pursuant to the Agent’s exercise of the O ver
Allotment Option, the Company has i ssued an additional 750,000 Shares at a price of $0.10 per Share for
gross proceeds of $75,000.
The Agent has been paid a cash commission equal to 9.0% of the gross proceeds from the s ale of the
Common Shares pursuant to the IPO and its exercise of the Ov er Allotment Option, together with a cash
corporate finance fe e. Additionally, the Company has granted compensation options to the Agent
entitling the Agent to purchase up to 517,500 Shares at an exercise price of $0. 10 per Share, exercisable
on or before June 27, 2025.
The Company has also issued 400,000 common shares to Gravel Ridge Resources, Ltd., a private
company controlled by M ichael Frymire, and 1544230 Ontario Inc, a private company controlled by
Perry English (collectively, the “Optionors”) pursuant to the Jeanette Property option agreement dated
March 23, 2022, as amended January 9, 2023, made between the Company and the Optionors.
The Company currently has 18,275,000 Shares issued and outstanding.
The Company’s Shares are listed on the Canadian Securities Exchange (“CSE”) and will begin trading on
the CSE under the symbol “FZ” on June 28, 2023.
About the Company
The C ompany is engaged in a cquisition, exploration and developm ent of mineral property assets in
Canada. The Company’s objective is to locate and develop properties with a focus on critical minerals in
the emerging EV lithium battery industry and to conduct its exploration program on the Jeanette Property.
The Jeanette Property is located approximately 84 km northeast of the town of Ear Falls, Ontario, and 105
kilometers east of the mining community of Red Lake, Ontario.
For more information, please refer to the Company’s Prospectus dated April 26, 2023 , available on
SEDAR (www.sedar.com), under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
Satvir S. Dhillon
President and Chief Executive Officer
The offered securities have not been and will not be registered under the Unite d States Securities Act o f 1933, as
amended (the “U.S. Securities Act”), or any applicable s tate securities laws and may not be offered or sold in the
United States or to “U.S. persons”, as such term is defined in Regulation S under the U.S. Securities Act , absent
such registratio n or an applicable exemption from suc h r egistration requirements. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED
NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.