Arena Investors, LP has acquired 15,000,000 units of Lithium Energi Exploration Inc. (LEXI) at $0.05 per unit, totaling $750,000. This is part of a larger $4,112,405.76 private placement. Each unit includes one common share and one warrant, exercisable at C$0.055 for 60 months. Post-acquisition, Arena controls 28.3% of LEXI's shares (non-diluted) and 45.3% on a partially-diluted basis. The acquisition was made through various investment funds managed by Arena. A second tranche is pending TSX Venture Exchange approval and funding conditions. Arena may adjust its LEXI holdings based on market conditions.
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