Edison Lithium Corp. (TSX-V:EDDY, OTCQB:EDDYF) has announced a non-brokered private placement of up to 4,000,000 units at $0.12 each for aggregate gross proceeds of up to $480,000. Each unit includes one share and one purchase warrant, entitling the holder to buy one additional share for $0.20 for 24 months.
Edison also announced the grant of an aggregate of 1,200,000 incentive stock options to certain directors, officers and consultants under its stock option plan. Each option entitles the holder to purchase one share at an exercise price of $0.20 for five years until September 7, 2028.