LITHIUM ENERGI EXPLORATION, INC. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT
Toronto, Ontario August 14, 2017 – Lithium Energi Exploration Inc. (TSXV:LEXI) (the “Corporation” or “LEXI”) is pleased to announce that it has completed the previously announced (August 9, 2017) non-brokered private placement (the “Private Placement”) for a total amount of $722,720. The Corporation completed the Private Placement by issuing an aggregate 7,227,200 common shares at a price of $0.10 per common share.
All of the securities issued on the Private Placement are subject to a statutory four month hold period expiring on December 14, 2017. No finder’s fees were paid on the Private Placement.
Proceeds of the placement will be used for exploration expenditures and for general working capital.
About Lithium Energi Exploration, Inc.
Lithium Energi Exploration, Inc. is an exploration company specializing in the strategic acquisition, exploration and development of lithium brine assets in Argentina. The Company is headquartered in Toronto, Ontario and has offices in Dallas, Texas and Catamarca, Argentina. The common shares of the Company are listed on the TSX Venture Exchange (TSXV:LEXI). The Company recently completed the acquisition of a portfolio of projects comprising over 128,000 hectares of lithium brine concessions in the Argentina Province of Catamarca in the heart of the lithium triangle.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Financial Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Lithium Energi Exploration, Inc.
Tel: 416 276-6689
Fax: 888 909-1033
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 release.