TORONTO, May 19, 2017 /CNW/ - LSC Lithium Corporation
(the "Company" or "LSC") (TSXV: LSC) announced that
the Board of Directors of the Company granted 750,000 options to
purchase common stock to certain independent directors, at an
exercise price of $1.30, for a term
of five years, pursuant to the Company's incentive stock option
plan. Concurrently, the Board resolved to freeze directors' fees
for a period of three years.
ABOUT LSC LITHIUM CORPORATION:
LSC has amassed a large portfolio of tenements on prospective
lithium rich salars in Northern
Argentina. LSC's six major development plays are on the
salars Pozuelos (pending completion of the previously announced
acquisition in respect of same), Pastos Grandes, Salinas Grandes
(Salta), Salinas Grandes (Jujuy), Rio Grande and Jama, all of which
are located in the "Lithium Triangle," an area at the intersection
of Argentina, Bolivia and Chile where the world's most abundant lithium
brine deposits are found. After completion of all announced
acquisitions, LSC will hold a land package portfolio totaling
approximately 300,000 hectares, which represents extensive lithium
prospective tenement holdings in Argentina.
Forward-Looking Statements
Certain statements contained in this news release constitute
forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on LSC's current belief or assumptions as
to the outcome and timing of such future events. Whether actual
results and developments will conform with LSC's expectations is
subject to a number of risks and uncertainties. Actual future
results may differ materially. The forward-looking information
contained in this release is made as of the date hereof and LSC is
not obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein. For more information see the
Company's filing statement on SEDAR at
www.sedar.com.
Neither the TSX Venture Exchange Inc. 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. The TSX Venture Exchange Inc. has neither
approved nor disapproved the contents of this press
release.
SOURCE LSC Lithium Corporation