LiCo Energy Announces Private Placement
1220-789 West Pender St
Vancouver BC V6C 1H2
Phone : (236) 521-0207
LiCoEnergyMetals.com
LiCo Energy Announces Private Placement
PRESS RELEASE
January 8, 2019: Vancouver, British Columbia; - LiCo Energy Metals Inc. (“the Company“ or “LiCo”) TSXV: LIC,
OTCQB: WCTXF announces that further its news release dated December 19, 2018 the Company wishes to re-
price its previously announced private placement raising proceeds of up to $500,000 by way of combined
8,333,334 flow-through units (“FT Units”) and non flow-through Units (“Units”) both at a price of $0.06 per FT
Unit and Unit. The private placement details and subscription agreements will now be available to investors
on the Stockhouse Deal Room (Stockhouse Deal Room).
Each FT Unit and Unit is comprised of one common share of the Company and one share purchase warrant.
Each share purchase warrant will entitle the holder thereof to purchase one additional common share of the
Company at an exercise price of $0.075 per share, for a period of two years from closing, subject to TSX Venture
Exchange (“Exchange”) approval.
The proceeds from the FT Units will be used to advance the Company’s Teledyne and Glencore Bucke
Properties, in Cobalt Ontario. The proceeds from the Units will be used for advancement and development
of the Company’s other mineral exploration projects and for general working capital purposes.
All securities issued in connection with the private placement are subject to a four month and a day hold period
in accordance with applicable Securities Laws.
Finder’s fees may be paid in connection with the private placement and all finder’s fees are subject to TSX
Venture Exchange approval.
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture
Exchange. The Company's focus is directed towards exploration for high value metals integral to the
manufacture of lithium ion batteries.
Ontario Cobalt Properties: The Company has entered into an Option Agreement with Surge Exploration Inc.
(“Surge”) whereby Surge can earn an undivided 60% interest in the Glencore Bucke and the Teledyne Cobalt
Properties, located in Cobalt Ontario, subject to certain cash, share and exploration payments to LiCo. Upon
Surge having exercised the Option, Surge will have earned an undivided 60% interest in the Cobalt Properties,
and the parties will enter into a Commercially Reasonable and Definitive Joint Venture Agreement.
LiCo has received an independent third-party fairness opinion from an experienced and qualified P.Geo.
relating to the Cobalt Properties. The fairness opinion confirms and concludes the terms of the Option
Agreement between the Company and Surge is fair to the shareholders of the Company.
Chile Purickuta Lithium Project:
The Purickuta Project is located within Salar de Atacama, a salt flat encompassing 3,000 km2, being about 100
km long, 80 km wide and home to approximately 37% of the worlds Lithium production. The property of 160
hectares is enveloped by a concession owned by Sociedad Quimica y Minera (“SQM”) and lies, significantly,
within a few kilometers of the property of CORFO (the Chilean Economic Development Agency) where its leases
to both SQM and Albermarle’s Rockwood Lithium Corp Together these two companies have combined
production of over 62,000 tonnes of LCE (Lithium Carbonate Equivalent) annually making up 100% of Chile’s
2
current lithium output. The unique characteristics of Salar de Atacama make finished lithium carbonate easier
and cheaper to produce than any of its peer group globally.
The Purickuta Property is currently under Force Majeure as mentioned in previous news releases.
Nevada Black Rock Desert Lithium Project:
The Company has entered into an option agreement whereby the Company may earn an undivided 100%
interest, subject to a 3% NSR, in the Black Rock Desert Lithium Project in southwest Black Rock Desert, Washoe
County, Nevada.
On Behalf of the Board of Directors
“Rick Wilson”
Rick Wilson, President &CEO
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 release.
Disclaimer for Forward-Looking Information:
This news release may contain forward-looking statements which include, but are not limited to, comments
that involve future events and conditions, which are subject to various risks and uncertainties. Except for
statements of historical facts, comments that address resource potential, upcoming work programs, geological
interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-
looking. Forward-looking statements are not guarantees of future performance and actual results may vary
materially from those statements. General business conditions are factors that could cause actual results to
vary materially from forward-looking statements.