Skanderbeg Capital appointed Investor Relations Consultant
VANCOUVER, Dec. 3, 2015 /CNW/ - Lithium X Energy Corp. ("Lithium X" or "the Company") (TSXV: LIX) is pleased to announce the appointment of Mike Montandon to the Company's Advisory Board.
"Mr. Montandon was elected to three terms as mayor of North Las Vegas, one of America's fastest-growing cities," said Mr. Paes-Braga. "His exceptional contacts at all levels of business, finance and government in Nevada will help Lithium X build positive local relationships as we develop the Clayton Valley North lithium project."
Mr. Montandon, 52, was Mayor of North Las Vegas from 1997 to 2009. Mr Montandon works as a commercial real estate broker and sits on the Board of Directors for Valley Bank of Nevada and the Southern Nevada chapter of NAIOP, the Commercial Real Estate Development Association.
"We already have solid companies here in Nevada like K2 Energy, Extreme Green Electric Vehicles and the Tesla Gigafactory," commented Mr. Montandon. "Nevada is a great environment for electric vehicles, and more importantly, their batteries. Every new technology on the drawing board has one thing in common: lithium. I see a bright future for Nevada's lithium market."
Mr. Montandon completed the Harvard University Program for Senior Executives at the John F. Kennedy School of Government and holds a Bachelor of Science in Finance from Arizona State University.
Lithium X has also engaged Skanderbeg Capital Advisors ("Skanderbeg") to provide certain Investor Relations services for a 6 month term and the Company has the right to cancel the agreement at any time. The Company has previously granted 150,000 incentive stock options to Skanderbeg at an exercise price of $0.15, expiring 3 years from the date of grant, with quarterly vesting commencing three months from date of grant.
About Lithium X Energy Corp.
Lithium X Energy Corp. is a lithium exploration and development company with a focus on becoming a low-cost supplier for the burgeoning lithium battery industry. Lithium X has acquired the option to earn a 100% interest in Clayton Valley North, covering approximately 4,360 acres in northern Clayton Valley, Nevada. The project is contiguous to the only producing lithium operation in North America – Silver Peak, owned and operated by Albemarle (NYSE: ALB), the world's largest lithium producer. Lithium X is listed on the TSXV under the trading symbol LIX.
For additional information about Lithium X Energy Corp., please visit the Company's website at www.lithium-x.com or review the Company's documents filed on www.sedar.com. Join the Company's email list at http://lithium-x.com/subscribe
ON BEHALF OF THE BOARD OF DIRECTORS
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 news release.
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, including the business of the Company and the commencement of trading in the Company's shares. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE Lithium X Energy Corp.
For further information: Brian Paes-Braga, President and CEO, Director, Tel: 604-609-5137, Email: [email protected]; Investor Relations: Mario Vetro, Tel: 604-687-7130 ext. 105, Email: [email protected]