Argentina Lithium Applies to Extend Warrants
10 Septiembre 2018 - 8:30AM
Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY2
(WKN: A0RK7E), OTC: PNXLF), “Argentina Lithium” or the
“Company”) announces that the Company has made an
application to the TSX Venture Exchange to extend the term of the
outstanding warrants as follows:
- 9,117,000 warrants that are set to
expire on October 26, 2018 to be extended to October 26, 2019.
10,000,000 warrants were originally issued on October 26, 2016 as
part of the units issued under a private placement completed by the
Company in October 2016. Subsequent to the issuance, 883,000
warrants were exercised. The warrants are also subject to an
accelerator (see text below).
The exercise price of the warrants will remain
at $0.30. Each whole warrant, when exercised, will be
exchangeable for one common share of the Company.
The Warrant exercise period may be accelerated
if the volume weighted average price (“VWAP”) for the Company’s
common shares on the Exchange is $0.75 or greater for a period of
10 consecutive trading days, then the Company may deliver a notice
(the "Notice") to the Warrant holder notifying such Warrant holder
that the Warrants must be exercised within 20 days from the date of
delivery of such Notice, otherwise the Warrants will expire at 4:30
p.m. (Vancouver time) on the 21st day after the date of delivery of
the Notice.
The amendment is subject to the approval of the
TSX Venture Exchange (“TSXV”).
About Argentina Lithium
Argentina Lithium & Energy Corp is focused
on acquiring high quality lithium projects in Argentina, and
advancing them towards production in order to meet the growing
global demand from the battery sector. The management group has a
long history of success in the resource sector of Argentina, and
has assembled a first rate team of experts to acquire and advance
the best lithium properties in the world renowned “Lithium
Triangle”. The Company is a member of the Grosso Group, a resource
management group that has pioneered exploration in Argentina since
1993.
ON BEHALF OF THE BOARD
“Nikolaos
Cacos”_____________________________________Nikolaos Cacos,
President, CEO and Director
For further information please contact:
Corporate Communications Tel: 1-604-687-1828 Toll-Free:
1-800-901-0058Email: info@argentinalithium.com
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.
This news release may contain forward-looking
statements. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements. Readers are encouraged to refer to
the Company's public disclosure documents for a more detailed
discussion of factors that may impact expected future results. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements. We advise U.S. investors that the SEC's
mining guidelines strictly prohibit information of this type in
documents filed with the SEC. U.S. investors are cautioned that
mineral deposits on adjacent properties are not indicative of
mineral deposits on our properties.
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