VANCOUVER, Aug. 10, 2016 /CNW/ - American Lithium Corp. (TSX Venture: LI, OTCQB: LiACF) ("American Lithium"; or, the "Company") is pleased to announce several additions and changes to its management and board.
Effective immediately, Karl Kottmeier will join the board and assume the role of President and Chief Executive Officer and Douglas Ford will join the board and assume the role of Chief Financial Officer. Michael Kobler will transition to Executive Chair, and Chief Operations Officer. Karl and Doug bring with them their Pacific Equity Management (PEM) team who will also provide a number of support positions.
Mike Kobler, American Lithium's President commented "I am really pleased to welcome Karl and Doug, and the whole PEM Group. Their addition to the American Lithium team will round out management. PEM Group has a great deal of experience in all facets of corporate management and their professionalism and ability will allow me to focus on the technical execution of our projects."
Mr. Kottmeier is the former President and Chief Executive Officer of Rockgate Capital Corp., which was acquired in 2013 by Denison Mines. A former Investment Advisor and member of several brokerage firm Corporate Finance teams, Mr. Kottmeier has over 20 years of practical experience in listing, financing and administering junior exploration and development companies listed on the TSX and TSX Venture Exchanges. He holds a Bachelor of Arts degree from the University of British Columbia.
"I am excited to bring our group together with the American Lithium team. I think the team of technical experts and the high quality and district scale projects in the portfolio make this Company one of the most compelling Lithium investment opportunities in the market today." remarked new CEO Karl Kottmeier.
Mr. Ford is the former Chief Financial Officer and director of Rockgate Capital Corp. He has been the General Manager of Dockside Capital Group Inc. a private merchant banking and venture capital firm from 1987 to the present. He has been a director and officer of a number of public companies over the past 20 years and he holds a Bachelor of Arts degree from the University of British Columbia.
In connection with the appointments of Messrs. Kottmeier and Ford, each of Peter Born (Director), Anita Algie (Director and President) and Richard Ko (Chief Financial Officer) have resigned their positions with the Company. The Company would like to thank them each for their years of services and wish them success as they focus on their other business interests.
Pacific Equity Management brings a high level of experience in mineral exploration corporate development, administration and finance. PEM Group team members all have relevant experience as officers and or directors of TSX and TSX Venture listed companies and have substantial securities industry experience in previous endeavors. Since inception in 2006, the PEM Group management team has raised over $100,000,000 in equity capital, sourced from retail and institutional investors world-wide, for PEM Group companies and successfully completed IPO's, RTO's, Take Over bids, and numerous joint ventures among other corporate transactions. PEM Group has operated components of its businesses in over a dozen countries and in numerous languages. The PEM Group principals and administrative staff are headquartered in Vancouver, Canada and maintain a strong network of internationally located technical and financial consultants.
American Lithium Corp. is actively engaged in the acquisition, exploration and development of lithium deposits within mining-friendly jurisdictions throughout the Americas. American Lithium holds options to acquire Nevada lithium brine claims totaling 22,332 acres (9,038 ha), including 18,552 contiguous acres (7,508 ha) in Fish Lake Valley, Esmeralda County; 2,240 acre (907 ha) San Emidio Project in Washoe County; and the 1,540 acre (623 ha) Clayton-Valley-1 Project. The Company's Fish Lake Valley lithium brine properties are located approximately 38 kilometers from Albemarle's Silver Peak, the largest lithium operation in the U.S.
On behalf of the Board,
American Lithium Corp.
Karl Kottmeier, Chief Executive Officer
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.
SOURCE American Lithium Corp
For further information: please contact Karl Kottmeier, CEO at (604) 689-7422; Please visit our website at www.americanlithiumcorp.com.