Argentina Lithium Closes Over-Subscribed 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
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NEWS RELEASE – April 14, 2021
NOT FOR DISTRIBUTION TO THE UNITED STATES
Argentina Lithium Closes Over-Subscribed
Non-Brokered Private Placement
Vancouver, BC / Stockwatch / April 14, 2021 / Argentina Lithium & Energy Corp . (TSX-V: LIT, FSE:
OAY1, OTC: PNXLF), (“Argentina Lithium” or the “Company”) is pleased to announce it has closed the
non-brokered private placement financing announced on March 29, 2021 (increased on March 30, 2021
and April 13, 2021) through the issuance of 8,484,500 units (“Units”) at a subscription price of $0.0 9 per
Unit for aggregate gross proceeds to the Company of $763,605.
Each Unit consist s of one common share and one transferrable common share purchase warrant (a
“Warrant”). Each W arrant will entitle the holder thereof to purchase one additional common share in th e
capital of the Company at $0.15 per share for three years from the date of issue, expiring on April 14, 2024.
The proceeds of the financing will be used for general working capital.
Finder's fees of $3,900 are payable in cash on a portion of the private placement to parties at arm’s length
to the Company. In addition, 43,330 non -transferable finder’s warrants are issuable (the “Finder’s
Warrants”). Each Finder’s Warrant entitling a finder to purchase one common share at a price of $0.15 per
share for three years from the date of issue, expiring on April 14, 2024.
Certain insiders of the Company participated in the Private Placement for $ 112,995 in Units. Such
participation represents a related -party transac tion under Multilateral Instrument 61 -101 - Protection of
Minority Security Holders in Special Transactions (“ MI 61-101”), but the transaction is exempt from the
formal valuation and minority shareholder approval requirements of MI 61 -101 as neither the fa ir market
value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Company’s
market capitalization.
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 expiring on August 14, 2021.
ON BEHALF OF THE BOARD
“Nikolaos Cacos”
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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]
News Release April 14, 2021
Argentina Lithium & Energy Corp. Page 2
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.