OR DISSEMINATION IN THE UNITED STATES. Standard Lithium Announces $10.5 Million Bought Deal
STANDARD LITHIUM LTD.
Suite 835, 1100 Melville Street
Vancouver, British Columbia
V6E 4A6
NEWS RELEASE
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES.
Standard Lithium Announces $10.5 Million Bought Deal
February 25, 2019 – Vancouver, BC – Standard Lithium Ltd. (“Standard Lithium” or the “Company”)
(TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) announces that it has entered into an agreement with a
syndicate of underwriters led by Canaccord Genuity Corp. (collectively, the “Underwriters”) pursuant to
which the Underwriters have agreed to purchase, on a bought deal basis pursuant to a short form
prospectus, 10,500,000 units (the “Units”) of the Company at a price of $1.00 per Unit (the “Offering
Price”) for gross proceeds of $10,500,000 (the “Underwritten Offering”). Each Unit shall consist of one
common share and one-half of one common share purchase warrant of the Company (each whole
common share purchase warrant, a “Warrant”). Each Warrant shall be exercisable to acquire one
common share of the Company for a period of 36 months from the Closing Date (as herein defined) at an
exercise price of $1.30, subject to adjustment in certain events.
In addition, the Company has granted the Underwriters an option (the “Over-Allotment Option” and
together with the Underwritten Offering, the “Offering”) to purchase up to 1,575,000 additional Units at
the Offering Price to raise additional gross proceeds of up to 15% of the Underwritten Offering, for a
period of 30 days after and including the Closing Date to cover over-allotments, if any, and for market
stabilization purposes.
The net proceeds from the Offering are expected to be used by the Company for advancing its existing
asset portfolio and for general working capital purposes.
Closing of the Offering is expected to take place on or about March 19, 2019 and is subject to certain
conditions including, but not limited to the receipt of all applicable regulatory approvals including
approval of the TSX Venture Exchange.
The Units to be issued under the Offering will be offered by way of a short form prospectus in each of the
provinces of Canada, except Québec. The Units may also be offered 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 “U.S. Securities Act”), and in certain other jurisdictions in accordance with
applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful. The securities have not been and will not be registered under the U.S. Securities Act, or the
securities laws of any state of the United States and may not be offered or sold within the United States
(as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act
and applicable state securities laws or pursuant to an exemption from such registration requirements.
About Standard Lithium Ltd.
Standard Lithium (TSX: SLL) is a specialty chemical company focused on unlocking the valu e of
existing large-scale US based lithium-brine resources. The company believes new lithium production can
be brought on stream rapidly by minimizing project risks at selection stage (resource, political,
geographic, regulatory and permitting), and by leveraging advances in lithium extraction technologies and
processes. The Company’s flagship project is located in southern Arkansas, where it is engaged in the
testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted
brine operations utilizing the Company’s proprietary selective extraction technology. The Company is
also pursuing the resource development of over 30,000 acres of separate brine leases located in
southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in
San Bernardino County, California.
Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the
OTC - Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under
the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.
For further information, contact Anthony Alvaro at (604) 240 4793.
On behalf of the Board,
Standard Lithium Ltd.
Robert Mintak, CEO & Director
The securities being offered 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 in the United States or to, or for the account or
benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
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.
This news release may contain certain “Forward-Looking Statements” within the meaning of
applicable Canadian securities laws. When used in this news release, the words “anticipate”,
“believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other
similar words or expressions identify forward-looking statements or information. These forward-
looking statements or information may relate to the anticipated closing date of the Offering, the
anticipated use of proceeds of the Offering, future prices of commodities, accuracy of mineral or
resource exploration activity, reserves or resources, regulatory or government requirements or
approvals, the reliability of third party information, continued access to mineral properties or
infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration
costs and government regulation in Canada and the United States, and other factors or
information. Such statements represent the Company’s current views with respect to future
events and are necessarily based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements to be materially different
from the results, performance or achievements that are or may be expressed or implied by such
forward-looking statements. The Company does not intend, and does not assume any obligation,
to update these forward-looking statements or information to reflect changes in assumptions or
changes in circumstances or any other events affections such statements and information other
than as required by applicable laws, rules and regulations.