TSX Venture Exchange Symbol: AAL
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, July 26, 2018 /CNW/ - Advantage Lithium Corp.
(the "Corporation" or "Advantage Lithium") (TSX Venture: AAL)
(OTCQX: AVLIF) is pleased to announce that it has closed its
previously announced financing and has issued 15,585,956 common
shares (the "Common Shares") for aggregate gross proceeds to
Advantage Lithium of C$12,001,186
(the "Private Placement"). Jett Capital Advisors, LLC, pursuant to
an agency agreement, will be paid a cash commission of 6% on a
portion of the gross proceeds from the Private Placement.
Advantage Lithium is pleased to report that Orocobre Limited and
an insider of the Corporation have exercised
participation rights to maintain pro rata ownership.
Insiders have participated in this financing purchasing 15,176,956
shares for $ 11,686,256.
David Sidoo, CEO & Director
of the Company, commented "We are pleased with the successful
completion of this financing and the continued support from
Orocobre and other existing shareholders. We have underpinned our
shareholder base with the addition of a high-quality institutional
investor. Advantage is now in a very strong cash position."
ADVANTAGE LITHIUM CORP.
Per: "David
Sidoo"
About Advantage Lithium Corp.
Advantage Lithium Corp
is focused on developing its 75% owned Cauchari lithium project,
located in Jujuy, Argentina. The Company also owns 100%
interest in three additional lithium exploration properties in
Argentina: Antofalla, Incahuasi,
and Guayatayoc. The Company is headquartered in Vancouver, British Columbia and trades on the
TSX Venture Exchange (TSX-V:AAL) OTCQX Best Market in the U.S.
(OTCQX: AVLIF).
Further information about the Company can be found at
www.advantagelithium.com.
Cautionary Statement:
Certain information contained
in this press release constitutes "forward-looking information",
within the meaning of Canadian legislation. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "is expected", "intends", or
"has the potential to". Forward looking statements contained in
this press release may include statements regarding the future
operating or financial performance of Advantage that involve known
and unknown risks and uncertainties which may not prove to be
accurate. Actual results and outcomes may differ materially from
what is expressed or forecasted in these forward-looking
statements. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding future expectations.
The forward-looking statements included in this press release are
made as of the date of this press release and the Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation.
Neither 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.
SOURCE Advantage Lithium Corp