OR DISSEMINATION IN THE UNITED STATES. Standard Lithium Announces Closing of $21.6 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 Closing of $21.6 million Bought Deal Private Placement of Units
February 16, 2018 – Vancouver, BC – Standard Lithium Ltd.(“Standard Lithium” or the “Company”)
(TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) announced today that it has closed its previously
announced bought deal private placement of 10,312,821 units of the Company (the “Units”), at a price of
$2.10 per Unit, for aggregate gross proceeds to the Company of $21,656,924, including the issuance and
sale of the Underwriters’ (as defined below) option (the “Offering”). Each Unit consists 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 is exercisable to acquire one common share of the
Company (a “Warrant Share”) until February 16, 2020 at an exercise price of $2.60 per Warrant Share,
subject to adjustment in certain events. Net proceeds from the Offering will be used for exploration and
development activities on the Company’s properties and for general corporate purposes.
The Offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp., as sole
bookrunner and lead underwriter, and including GMP Securities L.P. (the “Underwriters”). In connection
with completion of the Offering, the Underwriters received a cash commission of 7.0% and options to
acquire a number of Units equal to 7.0% of the Units issued in the Offering until February 16, 2020 at an
exercise price of $2.10. The Company paid a further cash commission of 3.0% and issued common
shares equal to 3.0% of the Units issued in the Offering to a third-party who assisted in facilitating the
Offering.
All securities issued or issuable under the Offering are subject to a statutory hold period lasting four
months and one day following the closing of the Offering.
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 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 affecting such statements and information
other than as required by applicable laws, rules and regulations.