Argentina Lithium Amends Warrant Terms in Non-Brokered Private Placement
Terminal City Club Tower, Suite 312 - 837 West Hastings Street
Vancouver, BC CANADA V6C 3N6 TSX Venture Exchange (TSX-V): LIT
Tel: 604-687-1828 • Fax: 604-687-1858 • Toll Free: 1-800-901-0058 Frankfurt Stock Exchange (FRA): OAY1 (WKN: A0RK7E)
www.argentinalithium.com [email protected] OTCQB Venture Market (OTC): PNXLF
____________________________________________________________________________________________
NEWS RELEASE – December 12, 2017
Argentina Lithium Amends Warrant Terms in
Non-Brokered Private Placement
Vancouver, BC / Marketwired / December 12, 2017 / Argentina Lithium & Energy Corp. (TSX-V: LIT,
FSE: OAY1 (WKN: A0RK7E ), OTC: PNXLF) , “Argentina Lithium” or the “Company”) is pleased to
announce it has increased the warrant expiry from one (1) year to two (2) years. The Company announced
a non-brokered private placement financing of up to 10,000,000 units at a price of $0.33 per unit for gross
proceeds of $3,300,000 on November 21, 2017.
Each unit will consist of one common share and one transferrable common share purchase warrant. Each
warrant will entitle the holder thereof to purchase one additional common share in the capital of the
Company at $0.40 per share for two years from the date of issue. If the volume weighted average price for
the Company's shares is $ 0.60 or greater for a period of 5 consecutive trading days, then the Company
may deliver a notice (the "Notice") to the warrantholder that the Warrants must be exercised within twenty
(20) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:30 p.m.
(Vancouver time) on the twenty -first (21st) day after the date of delivery of the Notice. The accelerated
exercise shall not apply until the expiration of the four-month hold period required under Exchange policies
and rules, and securities laws that are applicable to the Company.
This financing is subject to regulatory approval and all securities to be issue d pursuant to the financing are
subject to a four -month hold period under applicable Canadian securities laws. Directors, officers and
employees of the Company may participate in a portion of the financing. A commission may be paid on a
portion of the fina ncing. The proceeds of the financing will be used for exploration programs on the
Company’s projects in Argentina and for general working capital.
About the Arizaro Lithium Project
The Company has the option to earn a 100% interest in the Arizaro Lithium Brine Project, including 27,350
hectares in the central core of the Arizaro Salar, the largest in Argentina and third largest in the "Lithium
Triangle". Very little historic exploration work has been done on the Arizaro Salar, however the central area
is interpreted to have the geologic conditions to be the most prospective for quality brine resources.
Furthermore, the Arizaro Salar benefits from a strategic location for infrastructure, including: a railway that
connects to the deep water port of Antofagasta, nearby advanced mining projects that are expected to bring
significant development of access routes and power, and the availability of water for development.
About the Incahuasi Lithium Project
The Company has acquired a 100% interest in, or has under application, mineral rights totaling 23,700
hectares covering the entire Incahuasi salar and basin in Catamarca Province, Argentina. The salar is
situated within the "Lithium Triangle" of Argentina and Chile, and has characteristics prospective for lithium-
News Release December 12, 2017
Argentina Lithium & Energy Corp. Page 2
rich brines. Initial sampling of near -surface brines has returned up to 409mg/L lithium, and geophysical
surveying indicates the potential for lithium-rich brines at depth.
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina, and
advancing them towards production in order to meet the growing global demand from the battery sector.
The management group has a long history of success in the res ource sector of Argentina, and has
assembled a first rate team of experts to acquire and advance the best lithium properties in the world
renowned “Lithium Triangle”. The Company is a member of the Grosso Group, a resource management
group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
“Nikolaos Cacos”
_______________________________
Nikolaos Cacos, President, CEO and Director
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: [email protected]
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.
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are
encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future
results. The Company undertakes no obligation to publicly update or revise any forward -looking statements. We advise U.S. investors that
the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral
deposits on adjacent properties are not indicative of mineral deposits on our properties.