Liberty One Lithium Corp. (“Liberty One” or the “Company“) (LBY: TSXV) is pleased to announce that it has engaged Invictus Investor Relations Inc. (“Invictus”) to provide investor relations services pursuant to an investor relations consulting agreement dated May 3, 2017 (the “Consulting Agreement”).
The Consulting Agreement has an initial 12 month term (which may be terminated by the Company upon 30 days written notice) and is renewable at the mutual agreement of both parties. Invictus will be paid a monthly fee of $6,000 plus applicable taxes, will be reimbursed for reasonable out-of-pocket expenses and is being granted stock options (the “Options”) to acquire up to 300,000 common shares in the capital of the Company at an exercise price of $0.55 per share. Twenty-five percent of the Options vest immediately upon grant, while an additional 25% will vest at the end of each 6 month period such that all Options will have vested 18 months from the date of grant. The Options are exercisable for a period of 5 years from the date of grant.
Services under the Consulting Agreement will be provided by Walter Spagnuolo. Mr. Spagnuolo currently holds 100,000 shares of the Company and has no other direct or indirect interests in the Company.
Invictus is a full-service investor relations firm headquartered in Vancouver that assists small cap public companies with marketing awareness campaigns focused at the investment community. Invictus will assist Liberty One with enhancing awareness by managing corporate communications and marketing activities to achieve an effective flow of information between the Company and shareholders, finance professionals, analysts and the media.
The Consulting Agreement and the grant of Options is subject to the approval of the TSX Venture Exchange.
For further information, please contact Mr. Morgan Tincher at telephone no.: 604- 343-4547 or fax no.: 604- 648-9675 or view the Company’s filings at www.SEDAR.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Financial Officer
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “anticipates”, “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.