Argentina Lithium Grants Stock Options

Rhea-AI Summary

On September 3, 2021, Argentina Lithium & Energy Corp. (OTC: PNXLF) announced the grant of 225,000 incentive stock options to its officers. Each Option allows for the purchase of a common share at $0.18, with a five-year term expiring on September 3, 2026. The Options are subject to a four-month hold period and require approval from the TSX Venture Exchange. The Company focuses on acquiring high-quality lithium projects in Argentina to meet growing demand in the battery sector, leveraging its experienced management team in the Lithium Triangle.

Positive

• Granting of 225,000 stock options may help align management interests with shareholder value.
• Options priced at $0.18 offer potential upside if the stock performs well.

Negative

• None.

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

VANCOUVER, BC, Sept. 3, 2021 /PRNewswire/ - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF),("Argentina Lithium" or the "Company") announces that it has granted 225,000 incentive stock options (the "Options") to officers of the Company. The Options are set for a period of five years, expiring on September 3, 2026, and each Option will allow the holder to purchase a common share of the Company at a price of $0.18. The Options are subject to a 4 month hold period from the date of grant and to TSX Venture Exchange approval.

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 world renowned "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 are the details of the stock options granted by Argentina Lithium on September 3, 2021?

Argentina Lithium granted 225,000 stock options, allowing purchase at $0.18, expiring on September 3, 2026.

What is the significance of the stock options for Argentina Lithium investors?

The options align management incentives with shareholder value, potentially driving performance.

What is the current stock symbol for Argentina Lithium on the OTC market?

The stock symbol for Argentina Lithium on the OTC market is PNXLF.