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Lithium Energy Confirms Issuance of Shares for Debt
(via TheNewswire) Vancouver, British Columbia / TheNewswire / January ...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Lithium Energy Confirms Issuance of Shares for Debt(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / January 21st, 2019. LITHIUM ENERGY PRODUCTS INC. (\"Lithium Energy Products\" or \"LEP\" or the \"Company\") (TSX-V: LEP) (FRANKFURT: N8I) is pleased to announce that it has entered into debt settlement agreements with various arm's length and non-arm's length parties to the Company (the \"Share Settlement\"). The Company plans to issue 437,591 common shares of the Company (\"Common Shares\") to settle approximately $39,383.15 of corporate debt owed to the various arm's length and non-arm's length parties. The Share Settlement is subject to TSX Venture Exchange (\"Exchange\") approval. \n\n \n \nThe Common Shares issued pursuant to the Share Settlement will be subject to a four month hold period. The Share Settlement is subject to the submission of final documentation and final approval of the Exchange.\n\n \n \nJames Walker, CEO of LEP said, \"We are very grateful for the contributions made by individuals in the past few months to help the Company achieve its ambitions. Their choice to be compensated in shares demonstrates their belief in the Company's future and its ambitions, and we are confident that their belief will be rewarded.\"\n\n \n \nNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.\n\n \n \nFor further information, please contact:\nJames Walker\nCEO\nLithium Energy Products Ltd.\n \n\n\n \nTel: 604-566-8570\nFax: 604-602-9868\n \n\n\n \nEmail: [email protected]\n\n\n \nWebsite: www.LithiumEnergyProducts.com\n\n \n \nFor up to the minute news, industry analysis and feedback follow us on Facebook, Twitter, LinkedIn and YouTube.\n\n \n Copyright (c) 2019 TheNewswire - All rights reserved.","length":4400,"tagName":"div"}]