Lithium Ionic Welcomes Tom Olesinski as Chief Financial Officer
Lithium Ionic Welcomes Tom Olesinski as Chief Financial Officer
TORONTO, ON, November 3, 2022 – Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF )
(“Lithium Ionic” or the “Company”), a lithium exploration company actively drilling on its ~2,000 ha
claims located in the prolific Aracuai lithium province in Minas Gerais State, Brazil, is pleased to
announce that Tom Olesinski has joined the Company as Chief Financial Officer , bringing over
20 years of finance and management experience.
“We are thrilled to have Mr. Olesinski join the team,” said Blake Hylands, Chief Executive Officer
of Lithium Ionic. “His background and extensive experience make him a welcome addition to the
senior team as we move the company forward. We are confident that he will help us navigate the
many initiatives we have planned, as we strive to continue delivering value to our shareholders.”
Mr. Olesinski, has over 20 years of finance and executive management experience. He formerly
worked as a managing forensic accountant for BDO Dunwoody, where he earned a Certified
Fraud Examiner designation, before moving into the marketing communications industry . He
formerly served as Director of Finance and Operations for Cossette Communication Group, and
CEO and CFO at Havas Media Canada. Most recently, he served as COO and CFO for Brainrider.
He currently serves as a board member for Troilus Gold Corp. Mr. Olesinski holds a Bachelor of
Commerce and Economics from the University of Toronto and is a Chartered Professional
Accountant.
The Company would like to thank the outgoing CFO, Greg Duras , for all his contributions to
Lithium Ionic and for his support through this transition.
Stock Options
The Company has granted a total of 1,650,000 stock options to various directors, officers and
consultants pursuant to its stock option plan. The options may be exercised at a price of $1.69
per option for a period of five years from the date of grant. The grant of options remains subject
to the approval of the TSX Venture Exchange.
Further to the Company’s press release dated October 5, 2022, the Company reports that an
insider of the Company, Electrification and Decarbonization LP (by virtue of owning more than
10% of the outstanding voting shares), purchased an aggregate of 1,850,000 Lithium Ionic
common shares under the private placement, and such participation is considered to be a “related
party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Company
has relied on the exemptions from the valuation and minority shareholder approval requirements
of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a ) of MI 61 -101 in respect of such related
party participation as the fair market value of the participation in the private placement by the
related party did not exceed 25% of the market capitalization of the Company, as determined in
accordance with MI 61-101.
About Lithium Ionic Corp.
Lithium Ionic is a Canadian-based lithium -focused mining company with properties covering
~2,000 hectares located in the prolific Aracuai lithium province in Minas Gerais State, Brazil, which
boasts excellent infrastructure, including highways, access to hydroelectrical grid power, water,
and nearby commercial ports. Its Itinga and Galvani claims are located in the same district as the
lithium-producing CBL mine and development -stage Sigma Lithium Cor p.’s large Barreiro and
Xuxa lithium deposits.
For more information please contact:
Lithium Ionic Corp.
Blake Hylands, P.Geo.
Chief Executive Officer
Email: [email protected]
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 developments 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 fo rward-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 changes to the
Company’s management team, the grating of stock options, the prospectivity of the Itinga Project
and the Galvani claims, the mineralization and development of the Itinga Project, Galvani claims
and other mining projects and prospects thereof . 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 expressed 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, estimates or opinions, or other factors, should change.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press
release.