Argentina Lithium Grants Stock Options

Rhea-AI Summary

Argentina Lithium & Energy Corp. (OTC: PNXLF) has granted 8,016,000 incentive stock options to its directors, officers, employees, and consultants. These options are valid for five years, expiring on December 8, 2027, at an exercise price of $0.35 per share. Subject to a four-month hold period and TSX Venture Exchange approval, this move aims to strengthen the company's commitment to key stakeholders. Argentina Lithium focuses on developing lithium projects to meet the rising global battery demand, leveraging its experienced management team in the Lithium Triangle.

Positive

• Grant of 8,016,000 stock options to key stakeholders strengthens company commitment.
• Options are set to expire in 2027, allowing long-term incentive alignment.
• Focus on lithium projects positions the company to meet growing battery sector demands.

Negative

• None.

VANCOUVER, BC, Dec. 9, 2022 /PRNewswire/ - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") announces that it has granted 8,016,000 incentive stock options (the "Options") to directors, officers, employees and consultants of the Company. The Options are set for a period of five years, expiring on December 8, 2027, and each Option will allow the holder to purchase a common share of the Company at a price of $0.35. 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 toward 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 did Argentina Lithium & Energy Corp. announce on December 9, 2022?

On December 9, 2022, Argentina Lithium & Energy Corp. announced the grant of 8,016,000 incentive stock options to its directors, officers, employees, and consultants.

What is the exercise price for the stock options granted by Argentina Lithium?

The exercise price for the stock options granted by Argentina Lithium is $0.35 per share.

When do the stock options granted by Argentina Lithium expire?

The stock options granted by Argentina Lithium will expire on December 8, 2027.

What is the significance of the stock options granted by Argentina Lithium?

The stock options are intended to align the interests of key stakeholders and provide incentives for performance in advancing lithium projects.

Is the grant of stock options by Argentina Lithium subject to any conditions?

Yes, the grant of stock options is subject to a four-month hold period and TSX Venture Exchange approval.