Argentina Lithium Provides A Forward Strategy
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): OAY2 (WKN: A0RK7E)
www.argentinalithium.com [email protected] OTCQB Venture Market (OTC): PNXLF
NEWS RELEASE – SEPTEMBER 21, 2018
Argentina Lithium Provides A Forward Strategy
Vancouver, BC / Globe Newswire / September 21, 2018 / Argentina Lithium & Energy Corp. (TSX-V:
LIT, FSE: OAY2 (WKN: A0RK7E), OTC: PNXLF), “Argentina Lithium” or the “Company”) announces
that the Company will not be proceeding with the option agreement on Arizaro Lithium Project.
The Company has determined that the high risk and potential reward for this project is not suitable for the
economics of Argentina Lithium. The Company will focus on its extensive lithium property portfolio within
the Lithium Triangle and other high potential locations.
Additionally, Argentina Lithium advises that the Company’s new strategy includes the filing for, and seeking
approval of, documents relating to the consolidation of the Company’s issued and outstanding share capital
with the TSX Venture Exchange. The intended consolidation will be on a basis of one post -consolidation
common shares for every 4 pre -consolidation common shares. Th is consolidation will reduce the issued
and outstanding shares of the Company from 76,287,707 to 19,071,926.
“The Board is restructuring the capital in order to bolster Argentina Lithium’s ability to conclude new project
acquisitions at more realistic valuations,” stated Nikolaos Cacos, President & C.E.O. “Further, it strengthens
the appeal of the Company to a br oader spectrum of investors so that we more effectively grow our
Company.”
The Company’s outstanding options and warrants will also be adjusted on the same basis (1 for 4) as the
common shares, with proportionate adjustments being made to exercise prices.
No fractional common shares will be issued and no cash will be paid in lieu of fractional post-consolidation
common shares. The number of post-consolidation common shares to be received by a shareholder will be
rounded down to the nearest whole common share.
A letter of transmittal will be mailed to shareholders advising that: (i) the consolidation has taken effect; and
(ii) shareholders should surrender their existing share certificates (representing pre-consolidation common
shares) for replacement shar e certificates (representing post -consolidation common shares). Until
surrendered, each existing share certificate will be deemed, for all purposes, to represent the number of
common shares to which the holder thereof is entitled as a result of the consolidation.
The Consolidation will benefit the Company by improving its ability to raise additional capital, increasing its
appeal to a broader base of potential investors and providing greater flexibility with respect to potential
business transactions.
The Company’s articles of incorporation authorize the board of directors to approve certain changes to the
Company’s capital structure, including the consolidation. As such, shareholder approval is not required.
News Release September 21, 2018
Argentina Lithium & Energy Corp. Page 2
The consolidation is subject to approval by the TSX Venture Exchange. The Company does not intend to
change its name or its current trading symbol in connection with the proposed share consolidation.
The effective date of the consolidation will be disclosed in a subsequent news release. Notwithstanding the
foregoing, the board of directors may, at its discretion, determine not to effect the consolidation.
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 li thium 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.