Lithium Ionic Corp. Announces C$25,000,000 Private Placement Offering This News Release is Intended FOR Distribution IN Canada Only and is Not Authorized
LITHIUM IONIC CORP. ANNOUNCES C$25,000,000 PRIVATE PLACEMENT OFFERING
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED
FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.
Toronto, Ontario. – September 19, 2022 – Lithium Ionic Corp. ("Lithium Ionic " or “ LTH” or the " Company")
(TSXV:LTH) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. as lead agent on
behalf of a syndicate of agents (collectively, the “ Agents”), whereby the Agents will raise up to C$25,000,000 (the
“Offering”) through a “best efforts” private placement of up to 15,625,000 common shares of the Company (the
“Common Shares”) to be priced at C$1.60 per Common Share.
The gross proceeds raised under the Offering will be used for exploration and development work on the Company’s
mineral properties and for general corporate working capital purposes.
The Offering is scheduled to close on or about October 12, 2022, and is subject to certain conditions including, but
not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The securities to be issued under
this Offering will be offered by way of private placement exemptions in all the provinces of Canada.
The securities referred to in this news release have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account
or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United
States. Any public of fering of securities in the United States must be made by means of a prospectus containing
detailed information about the issuer and its management, as well as financial statements.
About Lithium Ionic
Lithium Ionic is a publicly -traded company which owns a 100% ownership interest in the Itinga lithium project in
Brazil (the “Itinga Project” or the “Project”).
The Itinga Project is located in Minas Gerais State (MG), Brazil. The Project comprises five mineral licenses covering
more than 1,300 hectares in the prolific Aracuai lithium province. A portion of the Project occurs immediately south
of the CBL lithium mine and plant, Brazil’s only lithium producer, and immediately north of the large Barreiro and
Xuxa lithium deposits of Sigma Lithium Corp.
The Project area has excellent infrastructure, including access to hydroelectrical grid power, water, a commercial port,
highways and communities. Lithium mineralization (spodumene, lepidolite, petalite) occurs within a halo of pegmatite
dikes and apophyses that occur within the rocks surrounding Neoproterozoic granitic intrusions. Mineralization within
the mineralized province and the distribution of the mineralized pegmatites is controlled by a complex and crosscutting
system of northeast and northwest oriented faults that were exploited by the dikes. Mineralized structures have been
identified in two areas within the Project and the remainder of the Project area remains to be explored.
For further information, please contact:
Blake Hylands, P.Geo
Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-statements.” Such forward looking statements involve
known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance
or achievements, or devel opments to differ materially from the anticipated results, performance or achievements
expressed or implied by such forward -looking statements. Although the Company believes, in light of the experience
of its officers and directors, current conditions and expected future developments and other factors that have been
considered appropriate that the expectations reflected in this forward -looking information are reasonable, undue
reliance should not be placed on them because the Company can give no assurance that they will prove to be correct.
When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”,
“predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology
are intended to identify forward-looking statements and information. The forward-looking statements and information
in this press release include information relating to the Offering, the use of proceeds and the Company’s plans. Such
statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual
results to differ materially from those contemplated in those forward -looking statements and information. By their
nature, forward -looking statements involve known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other future events, to be materially different from any
future results, performance or achievements express ed or implied by such forward -looking statements. The forward-
looking information contained in this news release represents the expectations of the Company as of the date of this
news release and, accordingly, is subject to change after such date. Readers should not place undue importance on
forward-looking information and should not rely upon this information as of any other date. The Company undertakes
no obligation to update these forward -looking statements in the event that management’s beliefs, estimat es or
opinions, or other factors, should change.
Neither 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 release.