Advantage Lithium Announces Closing Of $1.70 Million Financing


TSX Venture Exchange Symbol: AAL

VANCOUVER, Aug. 14, 2019 /CNW/ - Advantage Lithium Corp. (the "Corporation" or "Advantage Lithium") (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to announce that it has closed its previously announced financing and has issued 4,153,903 common shares (the "Common Shares") for aggregate gross proceeds to Advantage Lithium of C$1,703,100 (the "Private Placement"). The funds will be used for general working capital and to fund on-going exploration and development activities in Argentina.

Advantage Lithium Corp (CNW Group/Advantage Lithium Corp)

Advantage Lithium reports that Orocobre Limited and an insider of the Corporation have exercised their participation right purchasing 3,843,900 shares for $1,576,000.

All Common Shares issued pursuant to the Private Placement will be subject to a hold period of four months and one day from the date of issuance


Per: "Callum Grant"

About Advantage Lithium Corp.
Advantage Lithium Corp is focused on developing its 75% owned Cauchari lithium project, located in Jujuy, Argentina. The Company also owns 100% interest in three additional lithium exploration properties in Argentina: Antofalla, Incahuasi, and Guayatayoc. The Company is headquartered in Vancouver, British Columbia and trades on the TSX Venture Exchange (TSX-V:AAL) and the OTCQX Best Market in the U.S. (OTCQX: AVLIF).

Further information about the Company can be found at

Cautionary Statement:
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "is expected", "intends", or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Advantage that involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Neither 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 release.

SOURCE Advantage Lithium Corp

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 27077.60 0.00%
S&P 500 3003.12 0.17%
NASDAQ 8178.27 0.30%
TSX 16843.14 0.55%
TSX-V 586.63 0.00%

Resource Commodities

Name Last Change
Gold 1502.70 0.36%
Silver 18.01 1.17%
Copper 2.64 2.641
Platinum 901.00 0.67%
Oil 62.90 12.80%
Natural Gas 2.68 2.50%
Uranium 25.38 0.99%