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Stria Lithium Inc.: Stria Lithium Provides Update to Proposed Reverse Takeover Transaction with Grafoid Inc. and Announces Private Placement
Stria or the
Company ) and Grafoid Inc. (
Grafoid ) announced today that they have agreed to terminate the letter of intent dated September 24, 2020 which contemplated a reverse takeover transaction of Stria by Grafoid. Due to matters beyond the reasonable control of Stria and Grafoid, due diligence was unable to be completed and therefore the parties have agreed to terminate the letter of intent. Stria expects to resume trading on the TSX Venture Exchange (the
Exchange ) under its trade symbol SRA, following the voluntary halt the Company implemented on September 28, 2020 after it announced the proposed reverse takeover transaction with Grafoid. ....

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