/ TSX Venture Exchange: "LITH" Private Placement
Lithium Chile Announces Closing of the Final Tranche of its Private Placement
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES/
TSX Venture Exchange: "LITH"
Private Placement
CALGARY, March 29, 2018 /CNW/ - Lithium Chile Inc. ("Lithium Chile" or the "Corporation") is pleased
to announce that it has, subject to TSX Venture Exchange Inc. (the "TSXV") final approval, closed the
third and final tranche of its previously announced non-brokered private placement (the "Private
Placement") of units of the Corporation ("Units"), pursuant to which, Lithium Chile issued an aggregate
of 134,000 Units for gross proceeds of CDN$134,000 (the "Final Tranche"). Each Unit is comprised of
one (1) common share in the capital of the Corporation (a "Common Share") and one-half (1/2) of one
common share purchase warrant of the Corporation (a "Warrant"). Each whole Warrant entitles the
holder thereof to purchase one (1) Common Share at a price of $1.50 per share expiring two (2) years
from the date of issuance.
In connection with the closing of the Final Tranche, Lithium Chile has paid finders a cash commission of
7% of the proceeds of the Final Tranche that resulted from such party's efforts, subject to compliance with
applicable securities laws. The finders have also been granted broker warrants to purchase 7% of the
number of Common Shares sold under the Final Tranche as a result of such parties efforts, which
resulted in Lithium Chile issuing an aggregate 9,380 broker warrants. Each broker warrant entitles the
holder to purchase one Common Share at a price of CDN$1.00 for a period of eighteen (18) months from
the closing of the Second Tranche.
The net proceeds of the Final Tranche and the Private Placement will be used by the Corporation for
general working capital and to fund continued development and exploration activities on its Lithium
properties in Chile.
Pursuant to applicable securities laws, all securities issued pursuant to the Final Tranche will be subject
to a hold period of four months plus one day following the date of issuance of such securities.
Completion of the Final Tranche and the Private Placement is subject to certain conditions, including but
not limited to, final approval of TSXV.
About Lithium Chile
Lithium Chile Inc. is advancing a Lithium property portfolio consisting of 140,100 hectares covering
sections of 13 salars and 1 laguna complex in Chile. The properties include 56 square kilometres on the
Salar de Atacama which hosts the world's highest concentration Lithium brine production and is currently
the source of about 30% of the world's Lithium production. Lithium Chile also owns a significant
Copper/Gold/Silver property portfolio consisting of 28,184 hectares over 6 different properties located in
Chile. Lithium Chile Inc.'s common shares are listed on the TSX-V under the symbol "LITH".
Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation (collectively "forward-looking statements"). Generally,
forward-looking information can be identified by the use of forward-looking terminology such as "expects",
"believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that
certain actions, events or results "will" occur. In particular, this news release contains forward-looking
statements relating to, among other things: management of the Corporation's views regarding its existing
properties and the Lithium Claims and the ability of the Corporation to explore its existing properties and
the Lithium Claims and statements pertaining to the Private Placement, including the Corporation's ability
to obtain necessary approvals from the TSXV and the ability of the Corporation to close of the third
tranche of the Private Placement for some or all of the remaining Units.
Various material factors and assumptions are typically applied in drawing conclusions or making the
forecasts or projections set out in forward-looking statements. Those material factors and assumptions
are based on information currently available to the Corporation, including information obtained from third
party industry analysts and other third party sources. In some instances, material assumptions and
material factors are presented elsewhere in this news release in connection with the forward-looking
statements. You are cautioned that the following list of material factors and assumptions is not
exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability
of the economic and political environment in which the Corporation operates; the timely receipt of
required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable
terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have
in exploring its prospects and the results from such prospects. Accordingly, readers should not place
undue reliance on forward-looking statements. The Corporation does not undertake to update any
forward-looking statements herein, except as required by applicable securities laws. All forward-looking
statements contained in this press release are expressly qualified by this cautionary statement.
SOURCE Lithium Chile Inc.
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For further information: To find out more about Lithium Chile Corp, please contact Jeremy Ross, VP
Business Development, at (604) 537-7556 or via email to: [email protected]
CO: Lithium Chile Inc.
CNW 07:00e 29-MAR-18