Edison Lithium Corp. (TSX-V:EDDY, OTCQB:EDDYF) closed a non-brokered private placement, raising $480,000 by issuing 4 million units at $0.12 each. Each unit includes a share and a warrant, exercisable at $0.20 until October 26, 2025. The funds will primarily support the company's projects. Florence Wealth Management received an agent's cash fee of $9,600 and 80,000 non-transferable warrants. Other eligible finders will also receive cash commissions and non-transferable warrants, allowing them to acquire additional shares at $0.20 until the same date.
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