Stria Reports Issuance of Shares to AGORACOM
June 5, 2014 (Source: Marketwired) — Stria Lithium Inc. (TSX VENTURE:SRA) (“Stria”) formerly Stria Capital Inc., owner of the Pontax Lithium Project in the James Bay Region of Quebec, and the Willcox Lithium Project in southeast Arizona, reports the issuance of 75,039 additional common shares of Stria to AGORACOM at a price of $0.16 per share, as part consideration for a one year online marketing and awareness program. The shares have been issued to AGORACOM for services rendered to Stria from March 16 to May 31, 2014 pursuant to a services agreement (the “Agreement”) signed by the parties in March 2014 (see Stria’s press release dated March 19, 2014 for more details).
Pursuant to the terms of the Agreement, the schedule of payments in common shares of Stria in exchange for online advertising, marketing and branding services are as follows: $10,625 + HST for services up to March 15, 2014 (77,460 shares issued March 16, 2014 at a price of $0.155 per share) ; $10,625 + HST for services from March 16, 2014 through May 31, 2014 (issuance completed today as detailed above); $10,625 + HST for services from June 1, 2014 through to September 30, 2014, and $10,625 + HST for services from October 1, 2014 through to January 31, 2015. The shares issued today to AGORACOM will be subject to a regulatory four month hold period expiring on October 5, 2014).
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About Stria Lithium Inc.
Stria Lithium Inc. (TSX VENTURE:SRA) is a technology lithium development company with two North American lithium properties – the Pontax spodumene lithium project in the James Bay region of Northern Québec and, the Willcox brine lithium project in southeastern Arizona. Stria is invested in the development of proprietary, upstream processing technologies aimed at lowering costs of production for high-purity, lithium metal from spodumene and from brine on an environmentally sustainable basis. On April 24, 2014, at the Company’s Annual General Meeting, Stria shareholders approved a resolution changing the name of the Company to Stria Lithium Inc. from Stria Capital Inc.
AGORACOM is a pioneer of online investor relations, online conferences and online branding services to North American small and mid-cap public companies, with more than 250 companies served.