House of Lithium to Invest Up to an Additional US$15 Million in Award Winning EV Motorcycle Manufacturer, Damon Motors – Financial Post

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SOL Global Commences Principal Re-Payments Towards $50 Million Credit Facility

TORONTO — SOL Global Investments Corp. (“ SOL Global ”) (CSE: SOL) (OTCQ: SOLCF) (Frankfurt: 9SB) and House of Lithium Ltd. (“ House of Lithium ”) are pleased to announce that House of Lithium has entered into an agreement (the “ Investment Agreement ”) to invest (the “ Investment ”) up to US$15 million in Damon Motors Inc. (“ Damon ”) through the purchase of preferred shares of Damon, adding to the already CDN$6,088,000 in securities of Damon which House of Lithium held prior to making the Investment.

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House of Lithium expects to close the Investment on or before December 23, 2021. If the Investment is completed in full, House of Lithium will hold greater than 10% of the equity in Damon.

“Andy DeFrancesco’s House of Lithium is one of the most visionary and innovative venture firms we have ever had the pleasure of working with. We’re thrilled to join their portfolio and usher in a new future for motorcycling together,” said Jay Giraud, Damon Co-Founder and CEO.

Based in Vancouver, British Columbia, Damon is an electric motorcycle

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