Pocml 6 Inc. and Lithium Ionic Inc. Announce Increase to Marketed Offering of Subscription Receipts
PRESS RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES.
POCML 6 INC. AND LITHIUM IONIC INC. ANNOUNCE INCREASE TO MARKETED OFFERING OF
SUBSCRIPTION RECEIPTS
Toronto, Canada – January 18, 2022 – POCML 6 Inc. (TSXV: POCC.P) (the “Company”) and Lithium Ionic Inc.
(“Lithium Ionic”) are pleased to announce today that, due to strong demand, Lithium Ionic has agreed with Clarus
Securities Inc. (“Clarus” and “Lead Agent”) on behalf of a syndicate of agents including PowerOne Capital Markets
Limited, iA Private Wealth Inc., Haywood Securities Inc., and Research Capital Corp. (collectively, the “Agents”),
to increase the size of its previously announced C$ 10,000,000 “best efforts” private placement offering. Pursuant to
the upsized deal terms, the Agents have agreed to increase the offering to 20,000,000 subscription receipts of Lithium
Ionic (the “ Subscription Receipts ”), at a price of C$ 0.70 per Subscription Receipt (the “ Offering Price”) for
aggregate gross proceeds to Lithium Ionic of C$ 14,000,000 (the “ Offering”). All other terms of the previously
announced financing announced on January 12, 2022, shall remain in full force and effect, unamended.
Lithium Ionic intends to use the net proceeds of the Offering for (i) exploration of the Itinga Project, and (ii) general
corporate and working capital purposes following completion of the previously announced qualifying transaction with
the Company.
The Offering is scheduled to close on or about February 3, 2022, and is subject to certain conditions including, but
not limited to, the receipt of all necessary corporate and regulatory approvals . 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 to be
issued under this Offering may also be offered offshore, including in the United Kingdom pursuant to applicable
exemptions and in the United States on a private placement basis pursuant to exemptions from the registration
requirements of the United States Securities Act of 1933, as amended.
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 offering 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.
For further information, please contact:
POCML 6 Inc.
David D'Onofrio
Director
p:(416) 643-3880
Lawrence Guy
Lithium Ionic Inc.,
Director
p:416-930-7660
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.
Cautionary and Forward-Looking Statements
This press release contains “forward- looking information” and “forward- looking statements” (collectively,
“forward-looking statements”) within the meaning of applicable Canadian securities legislation. All
statements, other than statements of historical fact, are forward -looking statements and are based on
expectations, estimates and projections as at the date of this press release. Any statement that involves
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often but not always using phrases such as “expects”, or “does not expect”,
“is expected” “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”,
“believes” or intends” or variations of such words and phrases or stating that cert ain actions, events or
results “may” or “could, “would”, “might” or “will” be taken to occur or be achieved) are not statements of
historical fact and may be forward- looking statements. In this press release, forward -looking statements
relate, among other things, to: the Offering and certain terms and conditions thereof ; the use of proceeds
from the Offering, and corporate and regulatory approvals. Forward -looking statements are necessarily
based upon a number of estimates and assumptions that, while considered reasonable, are subject to
known and unknown risks, uncertainties, and other factors that may cause the actual res ults and future
events to differ materially from those expressed or implied by such forward-looking statements. Such factors
include, but are not limited to: general business, economic, competitive, political and social uncertainties;
and the delay or failure to receive shareholder, director or regulatory approvals. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, read ers should not place undue reliance on the
forward-looking statements and information contained in this press release. Except as required by law, the
Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections,
or other factors, should they change.