American Lithium Raises $869,449.60 IN Private Placement
American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
TSXv
OTCQB
FRANKFURT
│ Li
│ LiACF
│ 5LA
AMERICAN LITHIUM RAISES $869,449.60 IN PRIVATE PLACEMENT
Vancouver, B.C., October 2, 2019 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF)
(Frankfurt: 5LA1) (“American Lithium” or the “Company”) is pleased to announce the closing of its
previously announced private placement.
The Private Placement consisted of the issuance of 5,796,331 units (each, a “Unit”) at a price of $0.15 per
Unit for gross proceeds of $869,449.60. Each “Unit” consists of one common share of the Company and
one common share purchase warrant. Each warrant entitles the holder to purchase one common share of
the Company at a price of $0.25 per share for a period of 24 months from the closing date. All securities
issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.
Proceeds of the private placement will be used to continue exploration at the Company’s wholly owned
TLC Lithium Project near Tonopah, Nevada, where ongoing drilling has led to the discovery of at surface,
high grade sedimentary hosted lithium. In addition to drilling and other surface exploration, metallurgical
testing and process evaluation is ongoing.
Insiders of the Company participated in the private placement.
About American Lithium Corp.
American Lithium is actively engaged in the exploration and development of its wholly owned TLC
Lithium Project outside Tonopah, Nevada. TLC is located 12km northwest of Tonopah, Nevada and easily
accessible by paved highway. The fieldwork to -date indicates a near surface, relatively flat -lying, free
digging sedimentary lithium region that offers the potential of hosting a wide area of high -grade lithium
mineralization. With drilling ongoing, the company expects to deliver a maiden resource in 2019. Just south
of the Crescent Dunes Solar Energy Plant, the project is favorably located for future production given the
immediate access to some of the cheapest electricity in Nevada.
American Lithium is a Venture 50 company. For more information, please contact the Company
at [email protected] or visit our website at www.americanlithiumcorp.com. Follow us
on Facebook, Twitter and LinkedIn.
On behalf of the Board,
American Lithium Corp.
Michael Kobler, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exc hange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-looking statements
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American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
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 release 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 histor ical trends, current 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 events 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 th e heading “Risks Factors” 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.