OR DISSEMINATION IN THE UNITED STATES. Standard Lithium Announces $20 million Bought Deal Private Placement of Units
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 $20 million Bought Deal Private Placement of Units
January 23, 2018 – Vancouver, BC – Standard Lithium Ltd.(“Standard Lithium” or the “Company”)
(TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) announced today that it has entered into an agreement with
Canaccord Genuity Corp., as sole bookrunner and lead underwriter on behalf of a syndicate of
underwriters (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a
bought deal, private placement basis, 9,530,000 units of the Company (the "Units"), at a price of $2.10
per Unit (the "Offering Price") for aggregate gross proceeds of $20 million (the "Offering").
The Company has also granted the Underwriters an option (the "Underwriters' Option") to purchase up to
an additional 1,429,500 Units at the Offering Price, exercisable in whole or in part at any time for a period
of 48 hours prior to the closing of the Offering. If the Underwriters' Option is exercised in full, the
aggregate gross proceeds of the Offering will be $23 million.
Each Unit will be comprised of one common share of the Company and one-half of one common share
purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will be
exercisable to acquire one common share of the Company (a "Warrant Share") for a period of 24 months
following the closing of the Offering at an exercise price of $2.60 per Warrant Share. Net proceeds from
the Offering will be used for exploration and development activities on the Company’s properties and for
general corporate purposes.
All securities issued or issuable under the Offering will be subject to a statutory hold period lasting four
months and one day following the closing of the Offering.
Closing of the Offering is expected to occur on or about February 13, 2018. The Offering is subject to
certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange
approvals, including the approval of the TSX Venture Exchange.
About Standard Lithium Ltd.
Standard Lithium’s value creation strategy encompasses acquiring a diverse and highly prospective
portfolio of large-scale domestic brine resources, led by an innovative and results-oriented management
team with a strong focus on technical skills. The Company is currently focused on the immediate
exploration and development of the Bristol Dry Lake Lithium Project located in the Mojave region of San
Bernardino County, California; the location has significant infrastructure in-place, with easy road and rail
access, abundant electricity and water sources, and is already permitted for extensive brine extraction and
processing activities. The Company is also commencing resource evaluation on up to approximately
33,000 acres of brine leases located in the Smackover Formation.
Standard Lithium is listed on the TSX Venture under the trading symbol “SLL”; quoted on the OTCQX
under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit
the Company’s website atwww.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.