VANCOUVER, Aug. 10, 2016 /CNW/ - American Lithium
Corp. (TSX Venture: LI, OTCQB: LiACF) ("American Lithium"; or,
the "Company") is pleased to announce several additions and changes
to its management and board.
Effective immediately, Karl
Kottmeier will join the board and assume the role of
President and Chief Executive Officer and Douglas Ford will join the board and assume the
role of Chief Financial Officer. Michael Kobler will transition to Executive
Chair, and Chief Operations Officer. Karl and Doug bring with
them their Pacific Equity Management (PEM) team who will also
provide a number of support positions.
Mike Kober, American Lithium's
President commented "I am really pleased to welcome Karl and Doug,
and the whole PEM Group. Their addition to the American
Lithium team will round out management. PEM Group has a great
deal of experience in all facets of corporate management and their
professionalism and ability will allow me to focus on the technical
execution of our projects."
Mr. Kottmeier is the former President and Chief Executive
Officer of Rockgate Capital Corp., which was acquired in 2013 by
Denison Mines. A former Investment
Advisor and member of several brokerage firm Corporate Finance
teams, Mr. Kottmeier has over 20 years of practical experience in
listing, financing and administering junior exploration and
development companies listed on the TSX and TSX Venture Exchanges.
He holds a Bachelor of Arts degree from the University of British Columbia.
"I am excited to bring our group together with the American
Lithium team. I think the team of technical experts and the high
quality and district scale projects in the portfolio make this
Company one of the most compelling Lithium investment opportunities
in the market today." remarked new CEO Karl
Kottmeier.
Mr. Ford is the former Chief Financial Officer and director of
Rockgate Capital Corp. He has been the General Manager of Dockside
Capital Group Inc. a private merchant banking and venture capital
firm from 1987 to the present. He has been a director and officer
of a number of public companies over the past 20 years and he holds
a Bachelor of Arts degree from the University
of British Columbia.
In connection with the appointments of Messrs. Kottmeier and
Ford, each of Peter Born (Director),
Anita Algie (Director and President)
and Richard Ko (Chief Financial
Officer) have resigned their positions with the Company. The
Company would like to thank them each for their years of services
and wish them success as they focus on their other business
interests.
Pacific Equity Management brings a high level of experience in
mineral exploration corporate development, administration and
finance. PEM Group team members all have relevant experience as
officers and or directors of TSX and TSX Venture listed companies
and have substantial securities industry experience in previous
endeavors. Since inception in 2006, the PEM Group management team
has raised over $100,000,000 in
equity capital, sourced from retail and institutional investors
world-wide, for PEM Group companies and successfully completed
IPO's, RTO's, Take Over bids, and numerous joint ventures among
other corporate transactions. PEM Group has operated components of
its businesses in over a dozen countries and in numerous languages.
The PEM Group principals and administrative staff are headquartered
in Vancouver, Canada and maintain
a strong network of internationally located technical and financial
consultants.
American Lithium Corp. is actively engaged in the acquisition,
exploration and development of lithium deposits within
mining-friendly jurisdictions throughout the Americas.
American Lithium holds options to acquire Nevada lithium brine claims totaling 22,332
acres (9,038 ha), including 18,552 contiguous acres (7,508 ha) in
Fish Lake Valley, Esmeralda County; 2,240 acre (907 ha) San
Emidio Project in Washoe County;
and the 1,540 acre (623 ha) Clayton-Valley-1 Project. The
Company's Fish Lake Valley lithium
brine properties are located approximately 38 kilometers from
Albemarle's Silver Peak, the largest lithium operation in the
U.S.
On behalf of the Board,
American Lithium Corp.
Karl Kottmeier, Chief Executive
Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE American Lithium Corp