Argentina Lithium Grants Stock Options
Rhea-AI Summary
On July 12, 2021, Argentina Lithium & Energy Corp. (OTC: PNXLF) announced the grant of 3,175,000 stock options to its directors, officers, employees, and consultants. Each option permits purchase of a common share at $0.20, valid for five years until July 12, 2026. The options will be subject to a four-month hold period from the grant date and require approval from the TSX Venture Exchange. This initiative aims to align interests between the management team and shareholders as the company progresses with its lithium projects in Argentina.
Positive
- Granting 3,175,000 stock options may enhance employee motivation and retention.
- Stock options priced at $0.20 could incentivize stakeholders as the company advances its lithium projects.
Negative
- None.
News Market Reaction – PNXLF
On the day this news was published, PNXLF gained 6.36%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQB Venture Market (OTC): PNXLF
VANCOUVER, BC, July 12, 2021 /PRNewswire/ - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") announces that it has granted 3,175,000 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 July 12, 2026, and each Option will allow the holder to purchase a common share of the Company at a price of
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina, and advancing them towards 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 world renowned "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.