LITH:CC - Lithium Chile Announces Warrant Extension
(TheNewswire)
CALGARY, ALBERTA – TheNewswire - June 14, 2024 – Lithium Chile Inc. ( TSXV: LITH ), (OTCQB: LTMCF) (“ LithiumChile ” or the “ Company ”) ispleased to announce that it intends to extend the expiry date of anaggregate of 6,922,817 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 "). The expiry date of the2021 Warrants was extended to June 30, 2024 as approved by the TSXVenture Exchange (the " TSXV ") following the Company's proposalto extend the 2021 Warrants as announced on October 17, 2023. TheCompany proposes to extend the expiry date of the 2021 Warrants toSeptember 30, 2024 (the " 2021 Warrant Extension ").
In addition, the Company proposes to extend the expirydate of an aggregate of 5,774,279 Warrants issued by theCompany as part of a unit of the Company in connection with anon-brokered private placement announced on December 21, 2021, andfurther amended on January 24, 2022 (the " 2022 Warrants "). The expirydate of the 2022 Warrants was extended to June 30, 2024 as approved bythe TSXV following the Company's proposal to extend the 2022 Warrantsas announced on January 12, 2024. The Company proposes to extend theexpiry date of the 2022 Warrants to September 30, 2024 (the" 2022 WarrantExtension ", and together with the 2021 Warrant Extension,the " Extension ").
Management believes this extension is justified to ensure that warrantholders have the opportunity to fully participate in the spin-out ofshares of Lithium Chile’s two new subsidiaries, Lithium Chile 2.0Inc. and Kairos Gold Corp. (see Lithium Chile news releases datedApril 18, 2024).
The Extension is subject to approval by the TSXV. TheCompany intends to issue an updated news release upon receipt, if any,of the Warrant Extension Approval.
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 aproperty portfolio consisting of 111,978 hectares in Chile and 29,245hectares in Argentina. The Company has filed its NI 43-101 Report andPreliminary Economic Assessment, which can be viewed on theCompany’s profile at SedarPlus.ca
Lithium Chile also owns 4 properties, totaling 21,329 hectares, thatare prospective for gold, silver and copper. Exploration efforts arecontinuing on Lithium Chile’s Carmona gold/silver/copper propertywhich lies in the heart of the Chilean mega porphyry gold/silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under thesymbol “LITH” and on the 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.
NOT FOR RELEASE IN THE UNITEDSTATES
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