LSC Lithium Announces Changes to the Board of Directors
January 25 2018 - 6:30AM
LSC appoints to the Board of
Directors:
LSC Lithium Corporation (“
LSC” or the
“
Company”) (TSXV:LSC) announces the appointment of
Mr. Cheoll Ho Ghim and Mr. John Hick to the LSC Board of Directors.
LSC also announces the resignation of Mr. Peter Robson as
director of the Company. Mr. Hick will serve on the Board as
an Enirgi Group Corporation (“
Enirgi Group”)
nominee pursuant to the relationship agreement between LSC and
Enirgi Group, in replacement of Mr. Peter Robson.
“We are pleased to welcome Cheoll Ho and John to the Board of
LSC. Both Mr. Ghim and Mr. Hick bring a broad range of
experience, knowledge and contacts from the mining industry which
will be an excellent addition to the skill set of our Board”, said
Mr. Stephen Dattels, Chairman of the Board. “I would like to thank
Mr. Robson for his contribution and excellent service to LSC”.
Mr. Ghim is a seasoned senior mining executive
with an equity capital markets background in Asia. He has held
senior leadership positions within numerous companies in a variety
of industries including lithium and solar energy vertical farming.
Prior to this, Mr. Ghim spent over 15 years working in the Asian
capital markets with a focus on M&A transactions, including
working as an investment banker for Deutsche bank, BNP Paribas and
STIC Investment Inc. in the Asia region. He has an MBA degree from
Haas School of Business, University of California, Berkeley.
Mr. Hick has held senior management and/or board
of director positions with numerous publicly listed mining and
other companies since entering the mining industry in 1981. He also
has his own consulting firm to provide consulting services to
public and private companies in the areas of corporate
restructuring, acquisitions, financing, financial and executive
management. He has a Law degree from the University of Ottawa and
BA from the University of
Toronto.
ABOUT LSC LITHIUM CORPORATION:
LSC Lithium has amassed a large portfolio of
prospective lithium rich salars and is focused on developing its
tenements located in five salars: Pozuelos, Pastos Grandes, Rio
Grande, Salinas Grandes, and Jama. All LSC tenements 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. LSC Lithium has a land package portfolio
totaling approximately 300,000 hectares, which represents extensive
lithium prospective salar holdings in Argentina.
For further information please
contact:
LSC Lithium Corporation Ian StalkerPresident
& Chief Executive Officer151 Yonge Street, 11th floor
Toronto ON, Canada M5C 2W7(416) 304 9384Email:
info@lsclithium.comWeb: lsclithium.com
Forward-Looking Statements
Certain statements contained in this news
release constitute forward-looking information. These statements
relate to future events or future performance, including statements
as to the following: the anticipated addition to the Board’s skill
set. 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 including factors underlying management's
assumptions, such as risks related to the volatility in lithium
prices and the market for lithium; exchange rate fluctuations;
volatility in LSC’s share price; the requirement for significant
additional funds for development that may not be available; changes
in national and local government legislation, including permitting
and licensing regimes and taxation policies and the enforcement
thereof; regulatory, political or economic developments in
Argentina or elsewhere; litigation; title, permit or license
disputes related to interests on any of the properties in which the
Company holds an interest; excessive cost escalation as well as
development, permitting, infrastructure, operating or technical
difficulties on any of the Company's properties; risks and hazards
associated with the business of development and mining on any of
the Company's properties as well as other risks as disclosed in the
Company’s Filing Statement on SEDAR, dated January 27, 2017. 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.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
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