HeliosX Lithium & Technologies Corp. announces Granting of Stock Options
HeliosX Lithium & Technologies Corp. announces Granting of Stock Options
VANCOUVER, BC, March 31, 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 its directors Brian Findlay and Robert Verhelst
to acquire an aggregate of 300,000 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 exercisable for a five -year term expiring
February 28, 2027. As a result of this stock option grant, the Company has 3,475,000
stock options issued, representing 9.6% 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.
For further information:
Brian Findlay- President,
Christopher Brown, P.Eng - CEO,
Telephone: (403) 975-1996,
Email: [email protected]