On January 23, 2018, Stria Lithium Inc. (TSXV:SRA) closed the transaction. The company issued 5,000,000 units at a price of CAD 0.0525 per unit for gross proceeds of CAD 262,500 in its second tranche. The company received CAD 462,500 in funding so far in the transaction. The securities issued in this tranche are subject to a four-month hold period expiring on May 23, 2018. Each warrant will entitle the holder to acquire one additional common share at a price of CAD 0.07 until January 22, 2022.