Bearing Lithium Corp. announced a non-brokered private placement of up to 12,500,000 common shares at a price of CAD 0.25 per share for gross proceeds of CAD 3,125,000 on February 10, 2022. The company may pay finder's fee of up to 6% cash and up to 4% in commission warrants from shares sold.

Each commission warrant will entitle the holder to purchase a share at a price of CAD 0.40 per share for a period of 24 months from issuance. All securities issued are subject to hold period of four months and one day. The transaction is subject to approval of TSX Venture Exchange.