Argentina Lithium Appoints PI Financial as Market Maker

Rhea-AI Summary

Argentina Lithium & Energy Corp (OTC: PNXLF) has engaged PI Financial Corp to provide market making services on the TSX Venture Exchange. This partnership aims to maintain an orderly market for the company's securities. Argentina Lithium will compensate PI with a monthly fee of $5,000 for a minimum term of three months, with the possibility of renewal. PI will utilize its own capital for market making activities and will not receive shares or options. The company focuses on acquiring high-quality lithium projects in Argentina to cater to the growing global battery sector demand.

Positive

• Engagement of PI Financial to enhance market orderliness.
• Monthly fee structure ensures predictable expenses.

Negative

• Dependence on market maker services may indicate liquidity concerns.

TSX Venture Exchange (TSX-V):  LIT 
Frankfurt Stock Exchange (FSE): OAY3 
OTCQB Venture Market (OTC): PNXLF

VANCOUVER, BC, April 13, 2022 /PRNewswire/ - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") is pleased to announce that it has retained PI Financial Corp. ("PI") to provide market making services in accordance with TSX Venture Exchange policies.

PI will trade the securities of the Company on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $5,000 for minimum term of three months and renewable thereafter.  The Company and PI are unrelated and unaffiliated entities.  PI will not receive shares or options as compensation.  The capital used for market making will be provided by PI.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The management group has a long history of success in the resource sector of Argentina and has assembled a first rate team of experts to acquire and advance the best lithium properties in the "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

_______________________________
Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Argentina Lithium & Energy Corp.

FAQ

What is the new market maker for Argentina Lithium (PNXLF)?

Argentina Lithium has retained PI Financial Corp as its market maker.

What are the terms of the market making agreement with PI Financial?

Argentina Lithium will pay PI Financial a monthly fee of $5,000 for a minimum of three months.

How will the engagement with PI Financial impact Argentina Lithium (PNXLF)?

The engagement aims to maintain an orderly market for Argentina Lithium's securities.