Stria Lithium Inc. (TSXV:SRA) announced a non-brokered private placement of 9,523,810 units at a price of CAD 0.0525 per unit for gross proceeds of CAD 500,000.025 on January 23, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.07 per share until January 22, 2022. The securities to be issued are subject to a hold period of four-month hold period expiring on May 23, 2018. The transaction is subject to the final approval of the TSX Venture Exchange. The company will receive a finder’s fee totaling CAD 18,375 in cash and will issue 350,000 non-transferable broker warrants. On the same date, the company announced that it has issued 5,000,000 units for gross proceeds of CAD 262,500 in the first tranche of the transaction.