LITH:CC - Lithium Chile Announces Approval of Warrants Extension
(TheNewswire)
CALGARY, ALBERTA, June 28, 2024– TheNewswire – Lithium Chile Inc. (" Lithium Chile "or the " Company ") is pleased to announce that theapplication to extend the expiry date of: (i) an aggregate of6,922,817 outstanding common share purchase warrants(" Warrants ") issued by the Company as part of a unit of theCompany in connection with a non-brokered private placement announcedon October 25, 2021, and further amended on October 26, 2021 and onOctober 29, 2021 (the " 2021 Warrants "); and (ii) an aggregate of 5,774,279 Warrants issued by the Company as part of a unit ofthe Company in connection with a non-brokered private placementannounced on December 21, 2021, and further amended on January 24,2022 (the " 2022Warrants "), was approved by the TSX VentureExchange (the " TSXV ").
The 2021 Warrants and the 2022 Warrants are now set to expire onSeptember 30, 2024 (the " Approved Extension ").
The securities being offered have not been, nor willthey be, registered under the United States Securities Act of 1933, asamended, and may not be offered or sold in the United States or to, orfor the account or benefit of, U.S. persons absent registration or anapplicable exemption from the registration requirements. This newsrelease will not constitute an offer to sell or the solicitation of anoffer to buy nor will there be any sale of the securities in any statein which such offer, solicitation or sale would be unlawful.
ABOUT LITHIUM CHILE:
Lithium Chile is an exploration and lithium resource company with alithium property portfolio consisting of 111,978 hectares in Chile and29,245 hectares in Argentina. The Company has filed a NI 43-101 Reportand Preliminary Economic Assessment on its Arizaro project inArgentina and expects to finalize the next step – a prefeasibilitystudy – before the end of June.
Lithium Chile also owns 5 properties in Chile totaling 22,629 hectaresthat are prospective for gold, silver and copper.
On September 21, 2023, Lithium Chile announced the hiring of PIFinancial Corp. as its financial advisor to seek strategicalternatives. That process is underway as the Company continues toenhance the underlying value of its assets including completion of thePFS and the related resource volumes, resource classifications andvaluation parameters associated therewith. Lithium Chile’s commonshares are listed on the TSXV under the symbol "LITH" and onthe OTC-QB under the symbol "LTMCF".
To find out more about Lithium Chile, please contact Steven Cochrane,President and CEO via email: steve@lithiumchile.ca or MichelleDeCecco, Vice President and COO, via email michelle@lithiumchile.ca.
FORWARD LOOKING STATEMENTS:
NEITHER THE 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.
NOT FOR RELEASE IN THE UNITEDSTATES:
This news release may contain certain forward-looking information andforward-looking statements within the meaning of applicable securitieslegislation (collectively "forward-looking statements").Generally, forward-looking statements can be identified by the use offorward-looking terminology such as "expected","anticipated", "aims to", "plans to" or"intends to" or variations of such words and phrases orstatements that certain actions, events or results "will"occur. Such forward-looking statements are based on variousassumptions and factors that may prove to be incorrect, including, butnot limited to, factors and assumptions with respect to: the generalstability of the economic and political environment in which theCompany operates; and the timely receipt of required regulatoryapprovals. You are cautioned that the foregoing list of materialfactors and assumptions is not exhaustive. Although Lithium Chilebelieves that the assumptions and factors on which suchforward-looking statements are based upon reasonable assumptions,undue reliance should not be placed on the forward-looking statementsbecause Lithium Chile can give no assurance that they will prove to becorrect or that any of the events anticipated by such forward-lookingstatements will transpire or occur, or if any of them do, whatbenefits Lithium Chile will derive there from. Lithium Chile doesnot undertake to update any forward-looking statements herein, exceptas required by applicable securities laws. All forward-lookingstatements contained in this news release are expressly qualified bythis cautionary statement.
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