Argentina Lithium Engages Red Cloud Financial Services
Argentina Lithium Engages Red Cloud Financial
Services
TSX Venture Exchange (TSX-V):
LIT
Frankfurt Stock Exchange (FSE):
OAY3
OTCQB Venture Market (OTC):
PNXLF
VANCOUVER, BC
,
Oct. 17, 2023
/CNW/ -
Argentina Lithium & Energy Corp.
(TSXV: LIT) (FSE: OAY3) (OTC:
PNXLF)
, ("Argentina Lithium" or the "Company")
is pleased to announce that it has entered into a services
agreement (the "
Agreement
") with Red Cloud Financial Services Inc. ("
RCFS
") pursuant to which, among other
things, RSFC has agreed to provide certain promotional services to the Company in accordance with Policy 3.4 of
the TSX Venture Exchange (the "
Exchange
").
RCFS' engagement is for an initial term of twelve months (the "
Initial Term
"). The Agreement shall be renewable
on a month-to-month basis following the Initial Term (each a "
Renewal Term
") unless the Company or RCFS
provides written notice of termination to the other of them at least 30 days prior to the end of the Initial Term or a
Renewal Term, as applicable. For the Initial Term the Company shall pay RCFS an aggregate fee of $122,000 for
the 12 month term.
RCFS provides promotional services on behalf of the Company across the country. Through RCFS' engagement,
the Company hopes to promote awareness of the Company and its activities.
There are no performance factors contained in the Agreement and RCFS will not receive common shares or
options as compensation. Further, RCFS and the Company are unrelated and unaffiliated entities and, at the time
of the Agreement, neither RCFS nor any of its principals have an interest, directly or indirectly, in the securities 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 Company's
recent strategic investment by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world's
leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key
projects. Management has a long history of success in the resource sector of
Argentina
and has assembled some
of the most prospective 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.
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SOURCE
Argentina Lithium & Energy Corp.
View original content to download multimedia:
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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 11:43e 17-OCT-23