LITHIUM ENERGI COMPLETES PRIVATE PLACEMENT
April 13, 2018 – Toronto, Ontario – Lithium Energi Exploration Inc. (TSX Venture: LEXI) (“LEXI” or the “Company”) announces the Company has completed a non-brokered private placement (the “Private Placement”) of 2,499,999 common shares at a price of $0.33 per common share with 999,998 warrants attached to purchase 999,998 common shares at a price of $0.4641 per common share for a three year period. No finder’s fees are being paid on the Private Placement. The Private Placement is subject to final acceptance by the TSX Venture Exchange.
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) and the Frankfurt Exchange (FR:LO9). The Company’s portfolio of prospective lithium brine concessions in the Argentina Province of Catamarca (heart of the lithium triangle) includes 90,244 hectares in and around the Antofalla Salar and a first right of refusal to acquire another 148,839 hectares, of which 110,380 hectares are located in the Antofalla Salar complex and 38,459 hectares are in the Pipanaco Salar approx. 50 km due west of Catamarca city. The Antofalla Salar complex hosts one of the largest basins in the region – over 130 km long and up to 20 km across. On September 12, 2016, Albemarle Corporation, the world’s largest producer of lithium, announced its acquisition of exclusive exploration and acquisition rights to a claim block located in the center section of this salar. In March 2017, Albemarle published its belief that the Antofalla Salar is the third largest lithium deposit in the world. With rights to over 200,000 hectares of prospective lithium properties located just west of FMC’s producing properties and offset north and south of Albemarle’s properties, the Company believes that its claim package holds the potential to deliver impressive values to its shareholders as the properties are developed.
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
Email : firstname.lastname@example.org