Eureka Lithium Corp. announced a non-brokered private placement of 2,000,000 units at a price of CAD 0.5 for the gross proceeds of CAD 1,000,000 on December 28, 2023. Each unit will consist of one common share and half of one share purchase warrant.

Each warrant entitling the holder thereof to purchase a share at an exercise price of CAD 0.65 for a period of 24 months from the date of issuance. The transaction is expected to close on occur on or about the week of January 31, 2024. The securities issued in connection with the private placement will not be subject to resale restrictions in accordance with applicable Canadian securities laws.

Finders' fees may be paid to eligible arm's length persons with respect to certain subscriptions accepted by the company.