Advantage Lithium Announces Closing Of $1.70 Million Financing
TSX VENTURE: AAL
/NOT FOR DISSEMINATION IN THE U.S. OR TO U.S, WIRE SERVICES./
VANCOUVER, Aug. 14, 2019 /CNW/ - Advantage Lithium Corp. (the "Corporation" or "Advantage Lithium") (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to announce that it has closed its previously announced financing and has issued 4,153,903 common shares (the "Common Shares") for aggregate gross proceeds to Advantage Lithium of C$1,703,100 (the "Private Placement"). The funds will be used for general working capital and to fund on-going exploration and development activities in Argentina.
Advantage Lithium reports that Orocobre Limited and an insider of the Corporation have exercised their participation right purchasing 3,843,900 shares for $1,576,000.
All Common Shares issued pursuant to the Private Placement will be subject to a hold period of four months and one day from the date of issuance
ADVANTAGE LITHIUM CORP.
Per: "Callum Grant"
About Advantage Lithium Corp.
Advantage Lithium Corp is focused on developing its 75% owned Cauchari lithium project, located in Jujuy, Argentina. The Company also owns 100% interest in three additional lithium exploration properties in Argentina: Antofalla, Incahuasi, and Guayatayoc. The Company is headquartered in Vancouver, British Columbia and trades on the TSX Venture Exchange (TSX-V:AAL) and the OTCQX Best Market in the U.S. (OTCQX: AVLIF).
Further information about the Company can be found at www.advantagelithium.com.
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "is expected", "intends", or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Advantage that involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
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.