Argentina Lithium Engages Investor Relations Consultant
Argentina Lithium Engages Investor Relations
Consultant
VANCOUVER, BC
,
March 22, 2023
/CNW/ -
Argentina Lithium & Energy Corp.
(TSXV: LIT) (FSE: OAY3) (OTC:
PNXLF)
, ("Argentina Lithium" or the "Company")
wishes to announce that it has engaged Michael Baybak and
Company, Inc. (the "
Consultant
") to assist with marketing services. The services consist primarily of writing
services, but may include additional marketing services that constitute "investor relations activities". Pursuant to the
terms of the consulting agreement between the Company and the Consultant dated November 23, 2022, in
exchange for the Consultant's services, the Company has agreed to pay the Consultant a monthly fee of
US$7,000
effective from January 1, 2023 through to
June 30
, 2023. The term of the agreement is for a period of
approximately seven months, with such term to be extended at the discretion of the Company. The Company also
granted 50,000 stock options to the Consultant's President to purchase 50,000 common shares of the Company
(each a "
Share
") at an exercise price of
$0.35
per Share for a period of five years, expiring on
December 8, 2027
,
in accordance with the terms of the Company's stock option plan and the policies of the TSX Venture Exchange.
The Consultant and related parties hold less than one percent (1%) of the issued and outstanding Shares of the
Company.
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 "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.
This news release may contain forward-looking statements. Forward-looking statements address future events
and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of
historical fact, that address activities, events or developments the Company believes, expects or anticipates will
or may occur in the future, including, without limitation, the Company's plans for its mineral properties; the
Company's business strategy, plans and outlooks; the future financial or operating performance of the Company;
and future exploration and operating plans are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results
of the Company to differ materially from those discussed in the forward-looking statements and, even if such
actual results are realized or substantially realized, there can be no assurance that they will have the expected
consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially
from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to
the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical
difficulties in connection with mining activities; and the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations.
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, unless required pursuant to
applicable laws. 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.
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SOURCE
Argentina Lithium & Energy Corp.
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%SEDAR: 00019719E
For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email:
CO: Argentina Lithium & Energy Corp.
CNW 15:54e 22-MAR-23