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File: LiCo NR 3.27.17.pdf
1220789 West Pender St
Vancouver BC V6C 1H2
Phone : (236) 5210207
LiCoEnergyMetals.com
Early Warning Exit
PRESS RELEASE
March 27, 2017: Vancouver, British Columbia; LiCo Energy Metals Inc. ("the Company "or" LiCo") TSX
V: LIC; OTCQB: WCTX announces that due to an increase in the Company's issued and outstanding share
capital from the exercise of share purchase warrants and subsequent transactions, an early warning
report has been triggered.
Tess McCann currently holds directly 3,155,000 shares and warrants and options to purchase 7,250,000
additional common shares of the Company representing approximately 9.80% of the Company's current
issued and outstanding shares on a post conversion beneficial share ownership basis. As a result of
these occurrences, Ms. McCann has fallen below the 10% threshold and no longer has filing
requirements. Prior to the increase in the Company's issued and outstanding share capital and Ms.
McCann's subsequent transactions, Ms. McCann's holdings represented approximately 13.05% of the
Company's then issued and outstanding shares on a post conversion beneficial ownership basis.
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a well funded Canadian based exploration company who's primary
listing is on the TSX Venture Exchange. The Company's focus is directed towards exploration for
high value metals integral to the manufacture of lithium ion batteries.
Chile Purickuta Lithium Project:
The Purickuta Project is located within Salar de Atacama, a salt flat encompassing 3,000 km2,
being about 100 km long, 80 km wide and home to approximately 37% of the worlds Lithium
production. The salar possesses a very high grade of both Lithium (1,840mg/l) and Potassium
(22,630mg/l and is close to power, labour, communications, transportation and other
infrastructure. The property of 160 hectares is enveloped by a concession owned by Sociedad
Quimica y Minera ("SQM") and lies, significantly, within a few kilometers of the property of
CORFO (the Chilean Economic Development Agency) where its leases to both SQM and
Albermarle's Rockwood Lithium Corp Together these two companies have combined
production of over 62,000 tonnes of LCE (Lithium Carbonate Equivalent) annually making up
100% of Chile's current lithium output. The unique characteristics of Salar de Atacama make
finished lithium carbonate easier and cheaper to produce than any of its peer group globally.
Purickuta is a smaller exploitation concession rather than a large exploration concession
thereby accelerating the task of taking the project to a potential production scenario.
Currently, the Chilean government retains ownership of lithium separate from other minerals
and thus production can only proceed upon receipt of a special lithium operation contract
know as a "CEOL". In the future, it will be necessary for LiCo and partner to negotiate a
production contract with CORFO concurrently with completing any positive feasibility study.
"Chile, which has one of the world's most plentiful supplies of lithium, is pushing ahead with
new policies to develop those reserves". (Reuters Jan2, 2017).
Ontario Teledyne Cobalt Project:
The Company has an option to earn 100% ownership, subject to a royalty, in the Teledyne
Project located near Cobalt. Ontario. The Property adjoins the south and west boundaries of
claims that hosted the Agaunico Mine. From 1905 through to 1961, the Agaunico Mine
produced a total of 4,350,000 lbs. of cobalt and 980,000 oz. of silver (CunninghamDunlop,
1979). A significant portion of the cobalt that was produced at the Agaunico Mine located along
structures that extended southward onto property currently under option to LiCo Energy
Metals.
Nevada Dixie Valley Lithium Project:
The Company has an option to acquire a 100% interest, subject to a 3% NSR, on a large lithium
exploration project at the Humboldt Salt Marsh in Dixie Valley, Nevada. The geologic setting
and presence of lithium in active geothermal fluids and surface salts in Dixie Valley match
characteristics of producing lithium brine deposits at Clayton Valley, Nevada and in South
America.
Nevada Black Rock Desert Lithium Project:
The Company has entered into an option agreement whereby the Company may earn an
undivided 70% interest, subject to a 3% Net Smelter Return Royalty, in the Black Rock Desert
Lithium Project that consists of 128 placer claims (2,560 acres/ 1,036 hectares) in southwest
Black Rock Desert, Washoe County, Nevada.
The Company is planning an exploration programs for all its properties over the next several
The Company is planning exploration programs for all its properties over the next several months.
On Behalf of the Board of Directors
Rick Wilson, President & CEO
Neither the TSX Venture Exchange 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.
Disclaimer for ForwardLooking Information:
This news release may contain forwardlooking statements which include, but are not limited to,
comments that involve future events and conditions such as Exchange approval of the Option Agreement
and the Company's ability to exercise the Option, which are subject to various risks and uncertainties.
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Except for statements of historical facts, comments that address resource potential, upcoming work
programs, geological interpretations, receipt and security of mineral property titles, availability of funds,
and others are forwardlooking. Forwardlooking statements are not guarantees of future performance
and actual results may vary materially from those statements. General business conditions are factors
that could cause actual results to vary materially from forwardlooking statements.
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