Clarification of Sigma’s October 1, 2019 News Release
October 07 2019 - 10:27AM
Sigma Lithium Resources Corporation (the
“
Company”) (
TSX-V: SGMA)
(
OTCQB: SGMLF) is issuing this news release as a
result of the Investment Industry Regulatory Organization of Canada
review of the Company’s news release dated October 1st 2019 (the
“
October 1 Release”) to retract the EBITDA
disclosure in such news release and to include after-tax net
income. The Company is retracting any references to EBITDA and net
revenue, as EBITDA is a non-GAAP financial measure used to measure
corporate performance, and not project performance, and after-tax
net income should be included if net income is included.
The forecasted after tax life of mine net income
for the Xuxa project is US$469 million.
For Additional Information Please
Contact:
Betty LeBlancDirector of Corporate
Communications Tel: + 1 604 828-0999betty.leblanc@sigmaca.com
Ana CabralChief Strategy Officer Tel: + 55 11
2985-0089ana.cabral@sigmaca.com
Sigma Lithium Resources Corporation
www.sigmalithiumresources.com
Forward-Looking Statements
Please refer to the heading “Forward-Looking Statements” in the
October 1 Release.
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