American Lithium Cancels Clayton Valley Acquisition, amends financing terms
American Lithium Corp. Suite 1450-701 West Georgia Street, Vancouver, British Columbia, V7Y 1G5
americanlithiumcorp.com
TSXv
OTCQB
FRANKFURT
│ Li
│ LiACF
│5LA
American Lithium Cancels Clayton Valley Acquisition, amends
financing terms
January 11, 2017 Va ncouver, British Columbia, - American Lithium Corp. (TSXV: LI) (OTCQB:
LIACF) (Frankfurt: 5LA; WKN: A2AHEL) (“American Lithium” or the “Company”), announces that
the Company has decided to not proceed with the acquisition of additional acreage in Clayton
Valley, Nevada as announced November 15, 2016.
The Company also announces that it will no t proceed with the proposed $3 million financing
associated with the acquisition. Instead, the Company announces that it will place up to 10
million units at a price of 15 cents per unit. Each unit will consist of one common share of the
company and one share purchase warrant. Each warrant will entitle the holder to purchase an
additional common share at 30 cents per share for 18 months from c losing. The warrants will
be subject to accelerated expiry in the event the 21 -day volume-weighted average closing price
of the company's common shares on the TSX Venture Exchange exceeds 45 cents. The company
expects to pay finders' fees to certain eligib le persons who have introduced qualified investors
to the company.
The proceeds of the private placement will be used to advance the company's exploration of its
Fish Lake Valley Lithium exploration project in Nevada and for general working capital.
About American Lithium Corp.
American Lithium Corp . is actively engaged in the acquisition, exploration and development of
lithium deposits within mining-friendly jurisdictions throughout the Americas. American Lithium
holds options to acquire Nevada lithium brine claims totaling 22,332 acres (9,038 ha), including
18,552 contiguous acres (7,508 ha) in Fish Lake Valley, Esmeralda County; 2,240 acre (907 ha)
San Emidio Project in Washoe County; and the 1,540 acre (623 ha) Clayton-Valley-1 Project. The
Company’s Fish Lake Valley lithium brine properties are located approximately 38 kilometers
from Albemarle's Silver Peak, the largest lithium operation in the U.S., approximately 3.5 hours
from the Tesla Gigafactory.
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American Lithium Corp. Suite 1450-701 West Georgia Street, Vancouver, British Columbia, V7Y 1G5
americanlithiumcorp.com
TSXv
OTCQB
FRANKFURT
│ Li
│ LiACF
│5LA
American Lithium is listed on the TSXV under the trading symbol “ Li”. For further information,
please call 1-604-689-7422 or visit the Company's website at www.americanlithiumcorp.com.
On behalf of the Board,
American Lithium Corp.
Karl Kottmeier
President and Chief Executive Officer
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.
Forward-looking statements
Statements in this release that are forward -looking information are subject to various risks and uncertainties
concerning the specific factors disclosed here. Information provided in this document is necessarily summarized
and may not contain all available material information. All such forward -looking information and statements are
based on certain assumptions and analyses made by American Lithium management in light of their experience and
perception of historical trends, curre nt conditions and expected future developments, as well as other factors
management believes are appropriate in the circumstances. These statements, however, are subject to a variety of
risks and uncertainties and other factors that could cause actual eve nts or results to differ materially from those
projected in the forward -looking information or statements. Important factors that could cause actual results to
differ from these forward -looking statements include those described under the heading “Risks F actors” in
American Lithium's most recently filed MD&A. The Company does not intend, and expressly disclaims any
obligation to, update or revise the forward-looking information contained in this news release, except as required by
law. Readers are cautioned not to place undue reliance on forward-looking information or statements.