TORONTO, Nov. 15, 2017 /CNW/ - LSC Lithium Corporation ("LSC" or the "Company") (TSXV:LSC) announces that Mr. Wayne Richardson will no longer serve as director and Chairman of the Company. Mr. Richardson served on the LSC Board of Directors as an Enirgi Group Corporation ("Enirgi Group") nominee pursuant to the relationship agreement between LSC and Enirgi Group. At this time, Enirgi Group has not proposed a new nominee to the LSC Board of Directors. Mr. Stephen Dattels, a current director and co-founder of the Company, has been appointed Chairman of the Company.
"We are very pleased to have Stephen Dattels assume the Chairmanship of the Company," said Ian Stalker, President & Chief Executive Officer of LSC. "Since the Company's inception, Stephen has been an active member of the Board by providing quality insight and improving the overall strategy of the Company. Stephen is a well respected industry veteran who will help us continue to grow as a company as we work to fulfill our accelerated exploration program."
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.
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 growth of the Company and timing of Enirgi Group to propose a director nominee. 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.
SOURCE LSC Lithium Corporation
For further information: LSC Lithium Corporation, Ian Stalker, President & Chief Executive Officer, Suite 3001, 1 Adelaide Street East, Toronto, Ontario M5C 2V9, (416) 304 9384, Email: firstname.lastname@example.org, Web: lsclithium.com