Argentina Lithium Appoints PI Financial as Market Maker

Rhea-AI Summary

Argentina Lithium & Energy Corp. (OTC: PNXLF) has appointed PI Financial Corp. to provide market making services on the TSX Venture Exchange. The agreement involves a monthly fee of $4,000 for a minimum term of three months, with the option for renewal. PI will ensure an orderly market but will not accept shares or options as compensation. Argentina Lithium is focusing on acquiring lithium projects in Argentina to meet global battery sector demand, supported by a management team with extensive industry experience.

Positive

• Appointment of PI Financial Corp. as a market maker may enhance trading liquidity for PNXLF.
• Company seeks to capitalize on the increasing global demand for lithium, positioning itself in the Lithium Triangle.

Negative

• The reliance on a market maker may indicate challenges in achieving sufficient trading volume independently.
• The monthly fee of $4,000 could strain resources if trading does not increase significantly.

VANCOUVER, BC, Aug. 29, 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 $4,000 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 and does not hold any shares in the Company for long term investment purposes for the benefit of PI Financial.  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 market making services has Argentina Lithium engaged PI Financial for?

Argentina Lithium has retained PI Financial to provide market making services to ensure an orderly market on the TSX Venture Exchange.

What is the financial arrangement between Argentina Lithium and PI Financial?

Argentina Lithium will pay PI Financial a monthly fee of $4,000 for a minimum term of three months, renewable thereafter.

How does the appointment of PI Financial affect PNXLF's trading?

The appointment of PI Financial as a market maker is intended to enhance trading liquidity and stabilize market conditions for PNXLF.

What are Argentina Lithium's goals regarding lithium projects?

Argentina Lithium aims to acquire high-quality lithium projects in Argentina to meet the growing global demand from the battery sector.