Spod Lithium Corp has announced non-brokered private placement that it will issue 4,835,000 units at a price of CAD 0.07 per Unit for gross proceeds of CAD 338,450 on October 24, 2023. Each Unit consisting of one Class A common share and one-half of one transferable Class A common share purchase warrant. Each whole warrant, exercisable for an additional common share at CAD 0.12 for 24 months from the date of issuance.

The securities issued will be subject to a four-month hold period according to applicable securities laws of Canada.