THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC (July 20, 2017) — Liberty One Lithium Corp. (“Liberty One”, “Liberty One Lithium”, or the “Company”) (TSX.V: LBY) (OTCPK: LRTTF) (FRANKFURT: L1T), is pleased to announce, further to its news releases dated May 19 and June 30, 2017, that the Company has closed the non-brokered private placement of 2,000,000 units of the Company (the “Units”) at $0.50 per Unit for gross proceeds of $1,000,000 (the “Offering”).
Each Unit consisted of one common share in the capital of the Company (the “Shares”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.75 on or before July 20, 2018.
The Company has paid an eligible finder a cash commission in the amount of $26,670, being 7% of the aggregate proceeds from the sale of Units to purchasers introduced by the finder.
All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on November 21, 2017. The net proceeds received from the Offering will be used by the Company to partially fund the acquisition of up to an 80% interest in the Pocitos West Project as detailed in the Company’s news release of May 19, 2017 and for general working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
Morgan Tincher CFO and Director
About Liberty One Lithium (TSX.V: LBY) (OTCPK: LRTTF) (WKN: A2DHMB)
Liberty One Lithium Corp. is an emerging exploration company focused on the acquisition and development of high grade lithium brine deposits. The Company believes that global resources are the key to a robust energy strategy to protect economic stability worldwide. Find out more at: www.libertyonelithium.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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.