SPOD Lithium Announces Private Placement of Units
SPOD Lithium (OTCQB:SPODF) has announced a private placement offering of up to 7.5 million units at $0.02 per unit, aiming to raise aggregate gross proceeds of up to $150,000.
Each unit consists of one common share and one warrant, with each warrant allowing the purchase of an additional share at $0.05 within 24 months of closing. The offering, expected to close around July 25, 2025, may include participation from company directors and officers and may involve finders' fees. Securities will be subject to a four-month hold period, and proceeds will be used for general working capital.
SPOD Lithium (OTCQB:SPODF) ha annunciato un'offerta di collocamento privato fino a 7,5 milioni di unità al prezzo di 0,02 dollari per unità, con l'obiettivo di raccogliere un ricavo lordo complessivo fino a 150.000 dollari.
Ogni unità è composta da un'azione ordinaria e da un warrant, che consente l'acquisto di un'azione aggiuntiva a 0,05 dollari entro 24 mesi dalla chiusura. L'offerta, prevista per concludersi intorno al 25 luglio 2025, potrebbe includere la partecipazione di amministratori e dirigenti della società e potrebbe prevedere commissioni per intermediari. I titoli saranno soggetti a un periodo di blocco di quattro mesi e i proventi saranno destinati al capitale circolante generale.
SPOD Lithium (OTCQB:SPODF) ha anunciado una oferta privada de hasta 7,5 millones de unidades a 0,02 dólares por unidad, con el objetivo de recaudar ingresos brutos totales de hasta 150,000 dólares.
Cada unidad consta de una acción común y un warrant, que permite la compra de una acción adicional a 0,05 dólares dentro de los 24 meses posteriores al cierre. Se espera que la oferta se cierre alrededor del 25 de julio de 2025, pudiendo incluir la participación de directores y funcionarios de la empresa y posibles comisiones para intermediarios. Los valores estarán sujetos a un período de retención de cuatro meses y los ingresos se utilizarán para capital de trabajo general.
SPOD Lithium (OTCQB:SPODF)는 최대 750만 단위를 단위당 0.02달러에 제공하는 사모 발행을 발표했으며, 총 최대 15만 달러의 총 수익을 목표로 하고 있습니다.
각 단위는 보통주 1주와 워런트 1주로 구성되며, 워런트는 마감 후 24개월 이내에 추가 주식을 0.05달러에 구매할 수 있는 권리를 제공합니다. 이 오퍼링은 2025년 7월 25일경 마감될 예정이며, 회사 이사 및 임원들의 참여가 포함될 수 있고 중개 수수료가 발생할 수 있습니다. 증권은 4개월간의 보유 기간이 적용되며, 수익금은 일반 운전자본으로 사용될 예정입니다.
SPOD Lithium (OTCQB:SPODF) a annoncé une offre de placement privé pouvant atteindre 7,5 millions d'unités au prix de 0,02 $ par unité, visant à lever un produit brut total pouvant atteindre 150 000 $.
Chaque unité comprend une action ordinaire et un bon de souscription, chaque bon permettant l'achat d'une action supplémentaire à 0,05 $ dans les 24 mois suivant la clôture. L'offre, dont la clôture est prévue vers le 25 juillet 2025, pourrait inclure la participation des administrateurs et dirigeants de la société et comporter des frais d'intermédiaire. Les titres seront soumis à une période de blocage de quatre mois, et les fonds seront utilisés pour le fonds de roulement général.
SPOD Lithium (OTCQB:SPODF) hat ein Privatplatzierungsangebot von bis zu 7,5 Millionen Einheiten zu je 0,02 USD pro Einheit angekündigt, mit dem Ziel, Gesamteinnahmen von bis zu 150.000 USD zu erzielen.
Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei jeder Warrant den Kauf einer zusätzlichen Aktie zu 0,05 USD innerhalb von 24 Monaten nach Abschluss ermöglicht. Das Angebot, das voraussichtlich um den 25. Juli 2025 abgeschlossen wird, kann die Teilnahme von Direktoren und Führungskräften des Unternehmens einschließen und Vermittlungsgebühren beinhalten. Die Wertpapiere unterliegen einer viermonatigen Haltefrist, und die Erlöse werden für das allgemeine Betriebskapital verwendet.
- Potential to raise up to $150,000 in working capital
- Warrant structure provides potential additional funding at $0.05 per share
- Management showing confidence through potential participation in the offering
- Significant dilution at $0.02 per unit offering price
- Additional potential dilution from warrant exercise at $0.05
- Small offering size may not provide substantial working capital
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - SPOD LITHIUM CORP. (CSE: SPOD) (OTCQB: SPODF) (the "Company" or "SPOD") is pleased to announce its intention to complete a private placement offering of up to 7,500,000 units (each, a "Unit") at a price of
Each Unit shall consist of one common share in the share capital of the Company (each, a "Common Share") and one (1) Common Share purchase warrant of the Company (each warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Common Share (each, an "Additional Share") at a price of
The Company intends to use the net proceeds of the Offering for general working capital purposes.
The Units will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. Directors and officers of the Company may acquire securities under the Offering, which will be considered a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
The Company may pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and Canadian Securities Exchange ("CSE") policies.
All securities proposed to be issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance. The Offering is expected to close on or about July 25, 2025, subject to customary closing conditions and compliance with CSE policies. The Offering may also close in multiple tranches.
The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Spod Lithium Corp.
Spod Lithium Corp. is a leading exploration and development company focused on unlocking the vast potential of lithium resources. With a strategic approach to resource management and a commitment to sustainable practices, SPOD is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its primary lithium properties are strategically located in Quebec and Ontario, Canada, regions renowned for their rich deposits of these valuable resources. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca) or contact the Company through its website at www.spodlithiumcorp.com.
On Behalf of the Board of Directors
Mathieu Couillard
President, CEO & Director
+1 (647) 567-6757
mathieu.couillard@SPODlithiumcorp.com
Stay connected with SPOD
Website: www.spodlithiumcorp.com
Linkedin: www.linkedin.com/company/spod-lithium
X (formerly Twitter): www.x.com/spodlithium
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as "may," "expect," "estimate," "anticipate," "intend," "believe" and "continue," or the negative thereof or similar variations. Forward-looking statements in this news release include, without limitation, statements regarding the anticipated completion of the Offering, the timing and size of the Offering, the potential use of proceeds, and the receipt of all necessary regulatory approvals. There can be no assurance that the Offering will be completed on the terms contemplated, or at all, or that the proceeds of the Offering will be used as described. The closing of the Offering is subject to a number of conditions, including, without limitation, the receipt of applicable regulatory approvals, including the approval of the Canadian Securities Exchange, and other customary closing conditions. Failure to satisfy any of these conditions may result in the termination of the Offering. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, but not limited to, business, economic and capital market conditions, investor interest in the Offering, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, general economic, market or business conditions, and the risk that required approvals or closing conditions will not be obtained or satisfied in connection with the Offering. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release, and, except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258792
FAQ
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