Argentina Lithium Applies to Extend Warrants November 06, 2024

Argentina Lithium Applies to Extend Warrants November 06, 2024

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FRA): OAY3
OTCQX Venture Market (OTC): PNXLF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) ("Argentina Lithium" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:

  • 35,767,948 warrants that are set to expire on November 21, 2024 to be extended to November 21, 2027 . 36,340,948 warrants were originally issued on November 21, 2022 as part of the units issued under a private placement completed by the Company in November 2022 . Subsequent to the issuance, 573,000 warrants were exercised.

The exercise price of the warrants will remain at $0.40 . Each warrant, when exercised, will be exchangeable for one common share of the Company.

The Company further reports that 30,000,000 (held by insiders that are not officers or directors) and 305,000 (held by officers and directors) of the 35,767,948 Warrants are held by insiders of the Company. As such, the extension of such Warrants constitutes, to that extent, a "related party transaction" within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Shareholders ("MI 61-101"). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 (and Exchange Policy 5.9), as the fair market value of the Warrants held by the insiders does not exceed 25% of the market capitalization of the Company.

The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The Company's recent strategic investment by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world's leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 67,000 hectares in the Lithium Triangle of Argentina . Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world renowned "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

_____________________________________
Nikolaos Cacos , President, CEO and Director

www.argentinalithium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements.  Generally, forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments management of the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/argentina-lithium-applies-to-extend-warrants-302297094.html

SOURCE Argentina Lithium & Energy Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/06/c8301.html

News Provided by Canada Newswire via QuoteMedia

LIT:CA
The Conversation (0)
Argentina Lithium & Energy (TSXV:LIT)

Argentina Lithium & Energy

Discovery in the Lithium Triangle and Strategic Partnership with Global Automaker

Argentina Lithium and Energy Exhibiting at Booth 2924, PDAC 2025 Convention in Toronto, March 2-5

Argentina Lithium and Energy Exhibiting at Booth 2924, PDAC 2025 Convention in Toronto, March 2-5

Visit Argentina Lithium and Energy (TSXV: LIT) (OTCQB: LILIF) at Booth #2924 at the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 2 to Wednesday, March 5, 2025. About Argentina Lithium and EnergyArgentina... Keep Reading...
Argentina Lithium Announces 225-metre Lithium Brine Interval at the 14th Exploration Well on the Rincon West Project

Argentina Lithium Announces 225-metre Lithium Brine Interval at the 14th Exploration Well on the Rincon West Project

TSX Venture Exchange (TSX-V): LIT Frankfurt Stock Exchange (FSE): OAY3 OTCQB Venture Market: LILIF Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQB: LILIF), ("Argentina Lithium" or the "Company") reports positive results from the fourteenth exploration well at its Rincon West... Keep Reading...
Argentina Lithium Announces Cancellation of the Non-Brokered Private Placement

Argentina Lithium Announces Cancellation of the Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/ TSX Venture Exchange (TSX-V): LIT Frankfurt Stock Exchange (FSE): OAY3 OTCQX Venture Market: LILIF Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) ("Argentina Lithium" or the "Company") announces... Keep Reading...
Argentina Lithium Announces Amendment to the Terms of the Non-Brokered Private Placement Using The Listed Issuer Financing Exemption

Argentina Lithium Announces Amendment to the Terms of the Non-Brokered Private Placement Using The Listed Issuer Financing Exemption

TSX Venture Exchange (TSX-V): LIT Frankfurt Stock Exchange (FSE): OAY3 /NOT FOR DISTRIBUTION TO UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/ Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) ("Argentina Lithium" or the "Company") announces it is amending the terms of the Company's... Keep Reading...
Argentina Lithium Announces Receipt of Drill Permit for the Paso de Sico Property at its Rincon West Lithium Project

Argentina Lithium Announces Receipt of Drill Permit for the Paso de Sico Property at its Rincon West Lithium Project

TSX Venture Exchange (TSX-V): LIT Frankfurt Stock Exchange (FSE): OAY3 OTCQX Venture Market: LILIF Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) ("Argentina Lithium" or the "Company") announces that it has received the exploration permit for the Paso de Sico mining... Keep Reading...
Altech Launches 15kWh UPS Battery for European Gas Pipelines

Altech Launches 15kWh UPS Battery for European Gas Pipelines

Altech Batteries (ATC:AU) has announced Altech Launches 15kWh UPS Battery for European Gas PipelinesDownload the PDF here. Keep Reading...
Altech Batteries Ltd  Launches 15kWh UPS Battery for European Gas Pipelines

Altech Batteries Ltd Launches 15kWh UPS Battery for European Gas Pipelines

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF), in partnership with AMPower, is proud to unveil a major design development in its mission to deliver safe, sustainable, and commercially robust energy storage solutions. The Company is... Keep Reading...
Western Uranium & Vanadium to Acquire Uranium Claims

Western Uranium & Vanadium to Acquire Uranium Claims

Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (OTCQX: WSTRF) (" Western " or the " Company ") is pleased to announce that it has entered into a definitive agreement with an arm's length party to acquire a package of unpatented mineral lode claims (the " Claims "). The drilled-out deposit... Keep Reading...
Volt Resources Strengthens Critical Minerals Supply Chain Strategy: Joins DARPA-Supported Critical MineralsForum and Alabama Mobility & Power Consortium

Volt Resources Strengthens Critical Minerals Supply Chain Strategy: Joins DARPA-Supported Critical MineralsForum and Alabama Mobility & Power Consortium

Volt Resources Limited (ASX:VRC) (“Volt” or “the Company”) is pleased to announce two major strategic advancements - the Company has been accepted as a member of both the DARPA (Defense Advanced Research Projects Agency) supported Critical Minerals Forum (CMF) and the Alabama Mobility and Power... Keep Reading...
VanadiumCorp Resource Shareholders Approve All Matters at AGM

VanadiumCorp Resource Shareholders Approve All Matters at AGM

(TheNewswire) Vancouver, British Columbia –TheNewswire Oct 2, 2025 VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") is pleased to announce that shareholders approved all the resolutions put forth at the 2025 annual shareholders' meeting (AGM)... Keep Reading...
Cote D'Ivoire Soils Underway and Ghana Auger Well Advanced

Cote D'Ivoire Soils Underway and Ghana Auger Well Advanced

Castle Minerals (CDT:AU) has announced Cote D'Ivoire Soils Underway and Ghana Auger Well AdvancedDownload the PDF here. Keep Reading...

Latest Press Releases

Related News