(TheNewswire)
Vancouver, British Columbia – TheNewswire - July 27, 2023 – Gold Lion Resources Inc.(“Gold Lion” or the “Company”) (CSE:GL) (OTC:GLIOF)(FWB:2BC) is delighted to announce a strategicname change to “Lithium Lion Metals Inc.” This decision marks apivotal moment in the company's history and is driven by its vision toredefine its identity while staying committed to excellence,sustainability, and growth in the energy metals exploration sector.
The new name, Lithium Lion Metals Inc., reflects thecompany's dedication to embracing modern challenges and pioneeringadvancements in the energy metals industry. It aligns with our corevalues and long-term objectives, reinforcing our position as anindustry leader and a responsible corporate citizen.
"We are proud of our achievements as Gold LionResources Inc., and we believe that this name change will reinforceour commitment to delivering value to all our shareholders,"added Chief Executive Officer, Mark Haywood. "We are excitedabout the future of Lithium Lion Metals Inc. and the opportunities itpresents to create a more sustainable and prosperous energy metals industry."
The transition to Lithium Lion Metals Inc. willofficially take effect on Monday, July 31, 2023. The Company's shareswill also trade under the new symbol "LLM". During thistime, there will be no changes to the company's operations, and itwill continue to deliver the same level of service and dedication thathas defined it over the years.
Gold Lion also announces it has issued an aggregate of1.5 million stock options to certain directors of the company, witheach option exercisable for one common share of the company at anexercise price of 7.5 cents for five years from the date of grant. Theoptions vest quarterly in equal amounts over a period of oneyear.
The grant of options is considered a related partytransaction as defined under Multilateral Instrument 61-101 and isexempt from the formal valuation and minority shareholder approvalrequirements of MI 61-101 as the fair market value of the grant ofoptions does not exceed 25 per cent of the market capitalization ofthe company, as determined in accordance with MI 61-101.
About Gold Lion Resources Inc.
Gold Lion Resources Inc. is a mineral explorationcompany actively involved in the exploration of the Mia-
3 Lithium Property located in the James Bay region ofQuebec. For more information please visit: https://goldlionresources.com/ .
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Haywood Chief Executive Officer
Head Office 305-1770 BurrardSt. Vancouver, British Columbia, V6J3G7
Telephone +1 (604) 4160569
Website www.GoldLionResources.com
Email info@GoldLionResources.com
The CSE and Information Service Provider have notreviewed and does not accept responsibility for the accuracy oradequacy of this release.
Forward-Looking Statements
This news release contains “forward-lookinginformation” within the meaning of applicable Canadian securitieslegislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”,“expects” or “does not expect”, “is expected”,“estimates”, “intends”, “anticipates” or “does notanticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or“will” be taken, occur or be achieved. Actual future results maydiffer materially. In particular, this release containsforward-looking information relating to the Company's expectedbenefits of the Transaction and opportunities which will arise from the acquisition of the Property. The forward-looking information reflects management's current expectations basedon information currently available and are subject to a number ofrisks and uncertainties that may cause outcomes to differ materiallyfrom those discussed in the forward-looking information. Such riskfactors may include, among others, but are not limited to: generaleconomic conditions in Canada and globally; industry conditions,including governmental regulation and environmental regulation; theavailability of capital on acceptable terms; the need to obtainrequired approvals from regulatory authorities; stock marketvolatility; competition for, among other things, skilled personnel andsupplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure torealize the anticipated benefits of acquisitions and dispositions; andthe other factors. Although the Company believes that the assumptionsand factors used in preparing the forward-looking information arereasonable, undue reliance should not be placed on such informationand no assurance can be given that such events will occur in thedisclosed time frames or at all. Factors that could cause actualresults or events to differ materially from current expectationsinclude: (i) adverse market conditions; and (ii) other factors beyondthe control of the Company. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess theimpact of all factors on Company’s business or the extent to whichany factor, or combination of factors, may causeactual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news releaseand the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, futureevents or otherwise, except as required by applicable law. Additionalinformation identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadiansecurities regulators, which are available at www.sedar.com.
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