/NOT FOR DISSEMINATION IN THE U.S. OR TO U.S,
WIRE SERVICES./
TSX Venture Exchange Symbol: AAL
VANCOUVER, Aug. 14, 2019 /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 4,153,903 common
shares (the "Common Shares") for aggregate gross proceeds to
Advantage Lithium of C$1,703,100 (the
"Private Placement"). The funds will be used for general working
capital and to fund on-going exploration and development activities
in Argentina.
Advantage Lithium reports that Orocobre Limited and an insider
of the Corporation have exercised their participation right
purchasing 3,843,900 shares for $1,576,000.
All Common Shares issued pursuant to the Private Placement will
be subject to a hold period of four months and one day from the
date of issuance
ADVANTAGE LITHIUM CORP.
Per: "Callum Grant"
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) and the 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