TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQB Venture
Market (OTC): PNXLF
VANCOUVER, BC, Oct. 17,
2023 /CNW/ - Argentina Lithium & Energy
Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina
Lithium" or the "Company") is pleased to announce that it has
entered into a services agreement (the "Agreement") with Red
Cloud Financial Services Inc. ("RCFS") pursuant to which,
among other things, RSFC has agreed to provide certain promotional
services to the Company in accordance with Policy 3.4 of the TSX
Venture Exchange (the "Exchange").
RCFS' engagement is for an initial term of twelve months (the
"Initial Term"). The Agreement shall be renewable on a
month-to-month basis following the Initial Term (each a "Renewal
Term") unless the Company or RCFS provides written notice of
termination to the other of them at least 30 days prior to the end
of the Initial Term or a Renewal Term, as applicable. For the
Initial Term the Company shall pay RCFS an aggregate fee
of $122,000 for the 12 month term.
RCFS provides promotional services on behalf of the Company
across the country. Through RCFS' engagement, the Company hopes to
promote awareness of the Company and its activities.
There are no performance factors contained in the Agreement and
RCFS will not receive common shares or options as compensation.
Further, RCFS and the Company are unrelated and unaffiliated
entities and, at the time of the Agreement, neither RCFS nor any of
its principals have an interest, directly or indirectly, in the
securities of the Company.
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. 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
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.
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SOURCE Argentina Lithium & Energy Corp.
