Brief: American Lithium To Reduce Royalty Obligations For TLC Project And Expand Holdings In Esmeralda Lithium District In Nevada

American Lithium

10/07/2020 14:30

July 10 (Reuters) - American Lithium Corp  LI.V :
    * AMERICAN LITHIUM TO REDUCE ROYALTY OBLIGATIONS FOR TLC
PROJECT AND EXPAND HOLDINGS IN ESMERALDA LITHIUM DISTRICT IN
NEVADA
    * AMERICAN LITHIUM - WILL COMPLETE CASH PAYMENT OF
US$150,000 TO
NEVADA ALASKA
    * AMERICAN LITHIUM - WILL ISSUE 843,750 COMMON SHARES BASED
UPON
DEEMED EXCHANGE RATE OF CDN$1.35 FOR US$1.00, DEEMED PRICE OF
CDN$1.36 PER SHARE
    * AMERICAN LITHIUM CORP - HAS AGREED TO ISSUE 4 MILLION
COMMON
SHARES, AT A DEEMED PRICE OF CDN$1.36 PER SHARE, TO EXISTING
SHAREHOLDERS OF NEVADACO

Source text for Eikon:  ID:nGNX1BJvD2 
Further company coverage:  LI.V 

 ((Reuters.Briefs@thomsonreuters.com;))