On September 29, 2023, POWR Lithium Corp. closed the transaction. Each whole warrant entitles the holder thereof to purchase one additional share until September 27, 2025.

The company paid finder?s fees to certain arms-length brokerage firms in connection with the closing of the transaction, in the aggregate amount of CAD 73,003. The company also issued the finders an aggregate of 427,777 share purchase warrants which finders warrants are exercisable on the same terms as the warrants. All securities issued pursuant to the transaction are subject to a statutory hold period expiring January 29, 2024, in accordance with applicable Canadian securities law.