Argentina Lithium Announces Non-Brokered Private Placement
Argentina Lithium Announces Non-Brokered
Private Placement
/NOT FOR DISTRIBUTION TO
THE UNITED STATES
/
TSX Venture Exchange (TSX-V):
LIT
Frankfurt Stock Exchange (FSE):
OAY3
OTCQB Venture Market (OTC):
PNXLF
VANCOUVER, BC
,
Nov. 1, 2021
/CNW/ -
Argentina Lithium & Energy Corp.
(TSXV: LIT) (FSE:
OAY3) (OTC: PNXLF)
, ("Argentina Lithium" or the "Company")
is pleased to announce a non-
brokered private placement financing of up to 11,000,000 units at a price of
$0.45
per unit (the
"Units") for gross proceeds of
$4,950,000
.
Each Unit will consist of one common share and one transferrable common share purchase warrant
(a "warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share
in the capital of the Company at
$0.70
per share for three years from the date of issue.
This financing is subject to regulatory approval and all securities to be issued 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 financing. The proceeds of the financing will be used for
general working capital and exploration on its properties in
Argentina
.
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 resource 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
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.
The securities being offered have not been, nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within
the United States
or to, or for the account or benefit of, U.S. persons absent U.S. federal and state
registration or an applicable exemption from the U.S. registration requirements. This release does
not constitute an offer for sale of securities in
the United States
.
SOURCE
Argentina Lithium & Energy Corp.
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For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-
0058, Email: [email protected]
CO: Argentina Lithium & Energy Corp.
CNW 14:40e 01-NOV-21