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.
Forward-Looking Statements
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