LSC Announces Engagement With Haitong International Capital for Review of Strategic Alternatives in Asia
31 January 2018 - 11:30PM
LSC Lithium Corporation (“
LSC” or the
“
Company”) (TSX-V:LSC) is pleased to announce that
continuing with its strategic review process, it has engaged a
wholly owned subsidiary of Haitong International Securities Group
Limited (“
Haitong International”) as its
non-exclusive financial advisor to focus on sourcing and
introducing potential Asia-based investors to the Company.
Haitong International brings with it an extensive network of
Asian investors and it will work with LSC to assess future business
alternatives to maximise shareholder value. As previously announced
in the Company’s press release dated August 18, 2017, LSC will
continue to work with the Bank of Montreal as lead advisor
throughout the review process.
There is no defined timeline for the Company’s
strategic review. This review of strategic alternatives may result
in a variety of outcomes or no outcome and there can be no
assurance that the Company will pursue or execute any specific
action or transaction. The Company does not intend to make any
further announcements or comments regarding the review of strategic
alternatives unless required by law.
ABOUT HAITONG INTERNATIONAL SECURITIES
GROUP LIMITED
Haitong International Securities Group Limited
(“Haitong International”; Stock Code: 665.HK) is an international
financial institution with established presence in Hong Kong and a
rapidly expanding network across the globe. It strives to serve as
a bridge linking up the Chinese and overseas capital markets. The
parent company of Haitong International is Haitong Securities Co.
Ltd (“Haitong Securities”, Stock Code: 600837.SH; 6837.HK).
To date, Haitong International is well
positioned to serve about 200,000 corporate, institutional, as well
as retail and high-net worth clients worldwide. Its well
established investment banking business platform provides corporate
finance, wealth management, asset management, fixed income,
currency and commodities (FICC), institutional equities and a full
spectrum of financial products and services. Haitong International
possesses a sound risk management system that is in line with
international standards. Haitong International has been assigned a
“Baa2” long-term issuer rating by Moody’s and a “BBB” long-term
credit rating by Standard and Poor’s. Haitong International has a
global financial servicing network covering the world’s major
capital markets including Hong Kong, Singapore, New York, London,
Tokyo, Mumbai and Sydney, thereby making it a leading global
financial institution with international competitiveness,
systematic importance and brand influence.
ABOUT LSC LITHIUM
CORPORATION:
LSC Lithium has amassed a large portfolio of
prospective lithium rich salars and is focused on developing its
tenements located in five salars: Pozuelos, Pastos Grandes, Rio
Grande, Salinas Grandes, and Jama. All LSC tenements are located in
the “Lithium Triangle,” an area at the intersection of Argentina,
Bolivia, and Chile where the world’s most abundant lithium brine
deposits are found. LSC Lithium has a land package portfolio
totaling approximately 300,000 hectares, which represents extensive
lithium prospective salar holdings in Argentina.
For further information please
contact:
LSC Lithium Corporation Ian StalkerPresident
& Chief Executive Officer151 Yonge Street, 11th
floor Toronto ON, Canada M5C 2W7 (416) 304
9384 Email: info@lsclithium.comWeb: lsclithium.com
Forward-Looking Statements
Certain statements contained in this news
release constitute forward-looking information. These statements
relate to future events or future performance, including statements
regarding the strategic review and its outcome. The use of any of
the words “could”, “anticipate”, “intend”, “expect”, “believe”,
“will”, “projected”, “estimated” and similar expressions and
statements relating to matters that are not historical facts are
intended to identify forward-looking information and are based on
LSC's current belief or assumptions as to the outcome and timing of
such future events. Whether actual results and developments will
conform with LSC's expectations is subject to a number of risks and
uncertainties including factors underlying management's
assumptions, such as risks related to: title, permitting and
regulatory risks; exploration and the establishment of any
resources or reserves on LSC properties; volatility in lithium
prices and the market for lithium; exchange rate fluctuations;
volatility in LSC’s share price; the requirement for significant
additional funds for development that may not be available; changes
in national and local government legislation, including permitting
and licensing regimes and taxation policies and the enforcement
thereof; regulatory, political or economic developments in
Argentina or elsewhere; litigation; title, permit or license
disputes related to interests on any of the properties in which the
Company holds an interest; excessive cost escalation as well as
development, permitting, infrastructure, operating or technical
difficulties on any of the Company's properties; risks and hazards
associated with the business of development and mining on any of
the Company's properties. Actual future results may differ
materially. The forward-looking information contained in this
release is made as of the date hereof and LSC is not obligated to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable securities laws. Because of the risks,
uncertainties and assumptions contained herein, investors should
not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein. For more information, see the
Company's filing statement on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange Inc. nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
The TSX Venture Exchange Inc. has neither
approved nor disapproved the contents of this press
release.
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