21:12:13 EST Sat 22 Jan 2022
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Li-Metal Corp
Symbol LIM
Shares Issued 28,024,422
Close 2021-11-10 C$ 9.90
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Li-Metal appoints Pinglo CFO, hires First Marketing

2021-11-10 18:20 ET - News Release

Mr. Maciej Jastrzebski reports


Carlos Pinglo will be leading Li-Metal Corp.'s finance function in the role of chief financial officer and corporate secretary, effective as of Oct. 25, 2021.

Mr. Pinglo brings more than 25 years of experience as an economist and senior finance executive in the metal sector at both private and public companies. He has a proven record in executing strategic corporate financial planning and [merger-and-acquisition] activity supporting organizations' ability to scale and maximize profitability. Mr. Pinglo reports directly to Li-Metal's co-founder and chief executive officer, Maciej Jastrzebski.

"I am pleased to welcome Carlos to Li-Metal as he joins at an important juncture in our growth trajectory as we develop and scale our lithium metal anode and lithium metal technologies as a publicly traded company," said Mr. Jastrzebski. "Carlos is a seasoned senior financial executive with extensive expertise in the metals space, and we look forward to leveraging his unique insights and experience as we grow and deliver value to all of our stakeholders."

Mr. Pinglo has held a variety of roles in the metal industry, and currently also holds the role of chief financial officer and corporate secretary at Abrasilver Resource Corp., a leading silver, gold and copper exploration company. Previously, Mr. Pinglo held the title of CFO at Adriana Resources Corp., Carpathian Gold Inc., First Bauxite Corp. and Medoro Resources Ltd. Earlier in his career, he served as the controller of both Silver Eagle Mines Inc. and Excellon Resources. He also served as a member of the board of directors at Mineros Nacionales SA.

Engages digital marketing firm

Li-Metal also announces that it has retained First Marketing GmbH, a leading investor relations and marketing firm based in Heidelberg, Germany, to provide advertising, corporate communications and promotional services in Germany, Switzerland and Austria. Pursuant to the terms and conditions of this agreement, which commences on Nov. 12, 2021, the service provider is to provide content distribution, translation and advertising services in Europe.

First Marketing will provide these services on a continuing basis. The cost for 12 months of services, for which Li-Metal has agreed to pay, is an aggregate of 1.5 million euros. Such cost is payable in three instalments, 375,000 euros of which were to be paid upon signing; 625,000 euros of which are to be paid in the first week of January, 2022, and 500,000 euros of which are to be paid on April 1, 2022. Three principals of the service provider are securityholders of the company and, as of the date hereof, hold among them a total of 3,816,461 common shares, which constitute 13.6 per cent of the total issued and outstanding share capital of the company, and 3,375,000 warrants.

About Li-Metal Corp.

Li-Metal is a Canadian-based company, developing lithium metal anode and lithium metal production technologies for use in next-generation batteries. Its production methods are significantly more sustainable than existing products, and offer lighter, more energy-dense and safer batteries that are critical to tomorrow's electric vehicles.

We seek Safe Harbor.

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