POWR Lithium Corp. announced a non-brokered private placement of 3,500,000 common shares at an issue price of CAD 0.10 per share for the gross proceeds of CAD 350,000 on July 14, 2023. The company may pay finders' fees on a portion of the private placement, as permitted under applicable securities laws and the policies of the Canadian Securities Exchange.

The transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. All shares issued pursuant to the private placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities law. The transaction is expected to occur on or about July 21, 2023.