/CNW/ - HeliosX Lithium & Technologies Corp. (" HeliosX ")
HeliosX Lithium & Technologies Corp.
announces Granting of Stock Options
VANCOUVER, BC
,
March 8, 2022
/CNW/ - HeliosX Lithium & Technologies Corp. ("
HeliosX
")
(TSXV: HX) (OTCQB: HXLTF) (FSE: C2U0) is pleased to announce that it has granted incentive
stock options to certain directors, officers, employees, and consultants of the Company to acquire
an aggregate of 2,350,000 common shares in the capital of the Company at an exercise price of
$0.70
(the "
Options
") in accordance with the Company's 10% rolling incentive stock option plan. The
Options are being issued at a 7.7% premium to the
March 7, 2022
closing price, of
$0.65
per share,
to reflect management's confidence in the Corporation's asset base and upcoming exploration
program.
The Options are exercisable for a five-year term expiring
February 28
, 2027. As a result of this
stock option grant, the Company has 3,175,000 stock options issued, representing 8.8% of its
issued and outstanding share capital.
About HeliosX
HeliosX is an integrated lithium exploration company, incorporating the latest in direct
lithium extraction ("
DLE
") technologies, to unlock potential commercial opportunities in
Alberta
(Canada)
,
Nevada (USA
) and Jujuy (
Argentina
). Having over 560,000 lithium brine acres across
three prospective lithium jurisdictions provides shareholders with potential exposure to multiple lithium
brine play types. The company has selected specific DLE technologies which it believes will
maximize potential lithium opportunities in each operational jurisdiction and continues to move
forward with technical modeling and information gathering to better delineate the prospective lithium
resources.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Notice on Forward Looking Information
Certain statements and information herein, including all statements that are not historical facts,
contain forward-looking statements and forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements or information include but are not limited to
statements or information with respect to the integration of the businesses of HeliosX and ongoing
performance. Often, but not always, forward-looking statements or information can be identified by
the use of words such as "estimate", "project", "belief", "anticipate", "intend", "expect", "plan",
"predict", "may" or "should" and the negative of these words or such variations thereon or
comparable terminology are intended to identify forward-looking statements and information.
With
respect
to
forward-looking
statements
and
information
contained
herein,
HeliosX
has
made
numerous
assumptions
including
among other
things,
assumptions
about
general
business and
economic conditions
of
the
Company
and
the
market
in which it operates. The foregoing list of
assumptions
is not exhaustive. Although management of HeliosX believe that the assumptions
made and the expectations represented by such statements or information are reasonable, there
can be no assurance that forward-looking statements or information herein will prove to be
accurate. Forward-looking statements and information by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other factors which may cause actual
results, performance or achievements, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements or
information. These factors include, but are not limited to: risks associated with the business of
HeliosX; business and economic conditions in the lithium industry generally; changes in
commodity prices; changes in interest and currency exchange rates; government action or delays
in the receipt of government approvals, industrial disturbances or other job action, and
unanticipated events related to health, safety and environmental matters); changes in general
economic conditions or conditions in the financial markets; changes in laws; risks related to the
direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic
conditions, the ability to obtain financing as required; and other risk factors as detailed from time to
time. HeliosX does not undertake to update any forward-looking information, except in accordance
with applicable securities laws.
Not
for
distribution
to
U.S.
Newswire
Services
or
for
dissemination
in the United States. Any failure
to comply with this restriction may constitute a violation of U.S. Securities laws.
SOURCE
HeliosX Lithium & Technologies Corp
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For further information:
Brian Findlay- President, Christopher Brown, P.Eng - CEO, Telephone:
(403) 975-1996, Email: [email protected]
CO: HeliosX Lithium & Technologies Corp
CNW 06:01e 08-MAR-22