Beyond Lithium Inc announced a non-brokered private placement of 2,000,000 units at a price of CAD 0.30 per unit for gross proceeds of CAD 600,000 on October 23, 2023. Each unit will consist of one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase one additional share in the capital of the company at a price of CAD 0.45 per share for a period of 24 months from the closing of the offering, subject to customary adjustment and acceleration provisions.

The warrants will be subject to a provision that if the volume weighted average trading price of the common shares of the company on the Canadian Securities Exchange equals or exceeds CAD 0.70 over any period of ten consecutive trading days, the Company will be entitled to accelerate the expiry date of the warrants to the date which is twenty days following the date notice of such acceleration is delivered to holders of the Warrants. All securities to be issued under the offering will be subject to a hold period of four months and one day from their date of issuance.