LSC ANNOUNCES ENGAGEMENT WITH HAITONG INTERNATIONAL CAPITAL FOR REVIEW OF STRATEGIC ALTERNATIVES IN ASIA
TORONTO, ONTARIO – January 31, 2018 – LSC Lithium Corporation (“LSC” or the “Company”) (TSXV:LSC) is pleased to announce that continuing with its strategic review process, it has engaged a wholly owned subsidiary of Haitong International Securities Group Limited (“Haitong International”) as its non-exclusive financial advisor to focus on sourcing and introducing potential Asia-based investors to the Company. Haitong International brings with it an extensive network of Asian investors and it will work with LSC to assess future business alternatives to maximise shareholder value. As previously announced in the Company’s press release dated August 18, 2017, LSC will continue to work with the Bank of Montreal as lead advisor throughout the review process.
There is no defined timeline for the Company’s strategic review. This review of strategic alternatives may result in a variety of outcomes or no outcome and there can be no assurance that the Company will pursue or execute any specific action or transaction. The Company does not intend to make any further announcements or comments regarding the review of strategic alternatives unless required by law.
ABOUT HAITONG INTERNATIONAL SECURITIES GROUP LIMITED
Haitong International Securities Group Limited (“Haitong International”; Stock Code: 665.HK) is an international financial institution with established presence in Hong Kong and a rapidly expanding network across the globe. It strives to serve as a bridge linking up the Chinese and overseas capital markets. The parent company of Haitong International is Haitong Securities Co. Ltd (“Haitong Securities”, Stock Code: 600837.SH; 6837.HK). To date, Haitong International is well positioned to serve about 200,000 corporate, institutional, as well as retail and high-net worth clients worldwide. Its well established investment banking business platform provides corporate finance, wealth management, asset management, fixed income, currency and commodities (FICC), institutional equities and a full spectrum of financial products and services. Haitong International possesses a sound risk management system that is in line with international standards. Haitong International has been assigned a “Baa2” long-term issuer rating by Moody’s and a “BBB” long-term credit rating by Standard and Poor’s. Haitong International has a global financial servicing network covering the world’s major capital markets including Hong Kong, Singapore, New York, London, Tokyo, Mumbai and Sydney, thereby making it a leading global financial institution with international competitiveness, systematic importance and brand influence.
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.
For further information please contact:
LSC Lithium Corporation
President & Chief Executive Officer
151 Yonge Street, 11th floor
Toronto ON, Canada M5C 2W7
(416) 304 9384
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The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.
photo credit: LSC Lithium