Lithium X Energy Corp.: Announces AGM Results
16.12.2017 | CNW
VANCOUVER, Dec. 15, 2017 - Lithium X Energy Corp. (TSXV: LIX) ("Lithium X" or the "Company") is pleased to announce the results of its annual general meeting of shareholders held yesterday, December 14, 2017. The Company elected five directors to its board, namely Paul Matysek, Brian Paes-Braga, Harry Pokrandt, Michele Ashby, and David J. Raffa.The shareholders approved all other matters as proposed, including the appointment of KPMG, LLP, Chartered Accountants as auditors of the Company, the approval of the Company's stock option plan, the approval of Restricted Share Unit Plan, and the grant of 600,000 Restricted share units to certain consultants and employees of the Company.
ABOUT LITHIUM X ENERGY CORP.
Lithium X Energy Corp. is a lithium exploration and development company with a goal of becoming a low-cost supplier for the burgeoning lithium battery industry. The Company holds two projects in in the prolific "Lithium Triangle" in mining friendly Salta province, Argentina as well as participating in the Clayton Valley in Nevada through its ownership interest in Pure Energy Metals Ltd. ("Pure Energy"). The Company's wholly owned flagship project is the Sal de los Angeles lithium brine project. The project consists of approximately 8,748 hectares of Salar de Diablillos, and has an NI 43-101 mineral resource estimate of 1.037 million tonnes of lithium carbonate equivalent in the indicated category and 1.007 million tonnes of lithium carbonate equivalent in the inferred category. The Company's second Argentinian project, the Arizaro lithium brine project, consists of 33,846 hectares covering part of the western and eastern portions of the Salar de Azario, one of the largest known salt lakes in the world. In Nevada, the Company consolidated its Clayton Valley holdings with those held by Pure Energy, in the process becoming Pure Energy's largest shareholder, holding 23,609,610 common shares.
For additional information about Lithium X Energy Corp., please visit the Company's website at www.lithium-x.com or review the Company's documents filed on www.sedar.com. Join the Company's email list at http://lithium-x.com/subscribe.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul Matysek
Executive Chairman
Neither the 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 news release.
Contact
Lithium X Energy Corp.
Brian Paes-Braga, President and CEO, Director
Tel: 604-609-6113
Email: info@lithium-x.com
Investor Relations, Timothy McKenna
Toll Free (Canada & US): 1-888-760-5498
US: +1-732-331-6457
Email: tim@lithium-x.com