VANCOUVER, Dec. 15, 2017 /CNW/ - Lithium X Energy
Corp. (TSXV: LIX) ("Lithium X" or the "Company")
is pleased to announce the results of its annual general meeting of
shareholders held yesterday, December
14, 2017. The Company elected five directors to its
board, namely Paul Matysek,
Brian Paes-Braga, Harry Pokrandt, Michele
Ashby, and David J.
Raffa.
The shareholders approved all other matters as proposed,
including the appointment of KPMG, LLP, Chartered Accountants as
auditors of the Company, the approval of the Company's stock option
plan, the approval of Restricted Share Unit Plan, and the grant of
600,000 Restricted share units to certain consultants and employees
of the Company.
ABOUT LITHIUM X ENERGY CORP.
Lithium X Energy Corp. is a lithium exploration and development
company with a goal of becoming a low-cost supplier for the
burgeoning lithium battery industry. The Company holds two projects
in in the prolific "Lithium Triangle" in mining friendly Salta
province, Argentina as well as
participating in the Clayton Valley in Nevada through its ownership interest in Pure
Energy Metals Limited ("Pure Energy"). The Company's wholly owned
flagship project is the Sal de los Angeles lithium brine project.
The project consists of approximately 8,748 hectares of Salar de
Diablillos, and has an NI 43-101 mineral resource estimate of 1.037
million tonnes of lithium carbonate equivalent in the indicated
category and 1.007 million tonnes of lithium carbonate equivalent
in the inferred category. The Company's second Argentinian project,
the Arizaro lithium brine project, consists of 33,846 hectares
covering part of the western and eastern portions of the Salar de
Azario, one of the largest known salt lakes in the world. In
Nevada, the Company consolidated
its Clayton Valley holdings with those held by Pure Energy, in the
process becoming Pure Energy's largest shareholder, holding
23,609,610 common shares.
For additional information about Lithium X Energy Corp., please
visit the Company's website at www.lithium-x.com or review the
Company's documents filed on www.sedar.com. Join the Company's
email list at http://lithium-x.com/subscribe.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul Matysek
Executive Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Lithium X Energy Corp.