Argentina Lithium Appoints New Director and Grants Options

Rhea-AI Summary

Argentina Lithium & Energy Corp. (OTC: PNXLF) has appointed Martin Burian to its board of directors. With over 30 years in investment banking specializing in mining, Burian's experience is expected to strengthen the company’s financial strategies. He currently serves as Managing Director at RCI Capital Group. Additionally, the company has granted 300,000 incentive stock options to various stakeholders, with each option allowing the purchase of shares at $0.35, expiring on January 16, 2028. This move aims to enhance the management team as Argentina Lithium continues to pursue high-quality lithium projects.

Positive

• Appointment of Martin Burian enhances board expertise with 30 years in investment banking focused on mining.
• Granting of 300,000 stock options may incentivize directors, officers, and employees, potentially aligning their interests with company performance.

Negative

• None.

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VANCOUVER, BC, Jan. 16, 2023 /PRNewswire/ - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF),  ("Argentina Lithium" or the "Company") announces that the Company has appointed Martin Burian to its board of directors. Mr. Burian holds ICD.D (Institute of Corporate Directors) and Chartered Professional Accountant designations. He has a 30-year career in investment banking to the mining sector, is currently Managing Director at RCI Capital Group and held similar senior positions at Haywood Securities, Bolder Investment Partners and Canaccord Capital. He is an independent member of several other public company boards. Mr. Burian's early career was with KPMG where he obtained his CPA and CBV designations.

"We are extremely pleased to welcome Martin to Argentina Lithium's board of directors", said Nikolaos Cacos, President and C.E.O. "His extensive experience in mining investment banking will inject a high level of financial acumen and deal making expertise to the Company's existing broad skill sets."

The Company further announces that it has granted 300,000 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 January 16, 2028, 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 recent appointment was made at Argentina Lithium & Energy Corp?

Argentina Lithium appointed Martin Burian to its board of directors on January 16, 2023.

What experience does Martin Burian bring to Argentina Lithium?

Martin Burian has over 30 years of investment banking experience, particularly in the mining sector, and is currently Managing Director at RCI Capital Group.

What stock options were granted by Argentina Lithium?

Argentina Lithium granted 300,000 incentive stock options, allowing the purchase of shares at $0.35, which will expire on January 16, 2028.

How might Martin Burian's appointment impact Argentina Lithium?

Burian's extensive experience is expected to strengthen Argentina Lithium's financial strategies and enhance its decision-making in the mining sector.