Standard Lithium Ltd. Announces Closing Of $5.0 Million Private Placement
January 13, 2017 – Vancouver, BC (TSX-V: SLL) Standard Lithium Ltd. (“Standard Lithium” or the “Company”) is pleased to report that it has closed its previously announced non-brokered private placement (the “Private Placement”) for gross proceeds of $5.0 million.
An aggregate of 20,000,600 common shares (“Shares”) were issued at a price of $0.25 per Share. Net proceeds from the Private Placement will be used for the identification and evaluation of potential lithium asset opportunities in North America, possible staking of claims if warranted, for an expanded work program on the Mojave property, as well as for general working capital.
All Shares issued pursuant to the Private Placement are subject to a four month hold period expiring May 14, 2017. The Private Placement remains subject to TSX Venture Exchange final acceptance.
On behalf of the board of
STANDARD LITHIUM LTD.
Per: “Gavin Cooper”
Gavin Cooper
President and Director
For further information please contact Gavin Cooper at:
Telephone: (604) 639-9051
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE 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 PRESS RELEASE
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This news 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.
Disclaimer for Forward-Looking Information:
Certain statements in this news release are forward-looking statements which reflect the expectations of management. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. In this release such statements include but are not limited to, the receipt of TSX Venture Exchange final acceptance for the Private Placement and the intended use of net proceeds. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Released January 13, 2017