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LiCo Energy Metals - Receives $1,222,250 from the Exercise of Options and Warrants and is featured in the current issue of Resource Global Network
(via TheNewswire) Vancouver, British Columbia / TheNewswire / December 7 , 2017 - LiCo ...
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[{"type":"text","content":"LiCo Energy Metals - Receives $1,222,250 from the Exercise of Options and Warrants and is featured in the current issue of Resource Global Network(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / December 7, 2017 - LiCo Energy Metals Inc. (\"the Company\" or \"LiCo\") TSX-V: LIC, OTCQB: WCTXF is pleased to announce that from November 9th, 2017 to December 4th, 2017, the Company has received $1,222,250 in proceeds from the exercise of warrants and options. This amount, in addition to the recently closed non-brokered private placement offering of $960,000, has put an additional $2,182,250 into the Company's treasury since November 9th, 2017. \n\n \n \n\"We are very happy that our shareholders continue to support our company and its exploration programs globally\" comments Mr. Tim Fernback, President & CEO of LiCo. \"The funds that we have received over the past month will not only go towards additional mineral exploration in Canada, but will be used to make our final property payment in early 2018 to Glencore on the Glencore Bucke Property. Completing this transaction with Glencore, and working towards the delineation of an aggregate in-situ value of $100,000,000 or more, is part of our corporate plan to create a cobalt resource in Ontario. Hitting this in-situ value mark is an important factor in Glencore's Back-In Option with LiCo.\"\n\n \n \nThe Company plans to allocate a minimum of $640,000 to a future Canadian exploration program in accordance with its flow through spending requirements. Management anticipates formulating a comprehensive 2018 Canadian exploration program once the final assay results are received from the recently completed diamond drilling programs at LiCo's Glencore Bucke and Teledyne Properties at the beginning of the calendar year.\n\n \n \nLiCo was also featured in a recent issue of Resource Global Network Magazine (Volume 4 Issue 7) which was unveiled at London's Mines and Money Conference at the end of November 2017. This article includes an interview with LiCo's management and reviews LiCo's international lithium and cobalt properties and exploration programs. It can be read here, LiCo Feature in RGN . Mr. Fernback states \"Garnering interest from a quality publication like Resource Global Network is further testament that we are onto something newsworthy at LiCo. By having prope...