VANCOUVER, BC, March 8, 2022 /CNW/ - HeliosX Lithium &
Technologies Corp. ("HeliosX") (TSXV: HX) (OTCQB: HXLTF)
(FSE: C2U0) is pleased to announce that it has granted incentive
stock options to certain directors, officers, employees, and
consultants of the Company to acquire an aggregate of 2,350,000
common shares in the capital of the Company at an exercise price of
$0.70 (the "Options") in
accordance with the Company's 10% rolling incentive stock option
plan. The Options are being issued at a 7.7% premium to the
March 7, 2022 closing price, of
$0.65 per share, to reflect
management's confidence in the Corporation's asset base and
upcoming exploration program.
The Options are exercisable for a five-year term expiring
February 28, 2027. As a result
of this stock option grant, the Company has 3,175,000 stock options
issued, representing 8.8% of its issued and outstanding share
capital.
About HeliosX
HeliosX is an integrated lithium exploration company,
incorporating the latest in direct lithium extraction
("DLE") technologies, to unlock potential commercial
opportunities in Alberta (Canada),
Nevada (USA) and Jujuy
(Argentina). Having
over 560,000 lithium brine acres across three prospective
lithium jurisdictions provides shareholders with potential exposure
to multiple lithium brine play types. The company has selected
specific DLE technologies which it believes will maximize potential
lithium opportunities in each operational jurisdiction and
continues to move forward with technical modeling and information
gathering to better delineate the prospective lithium
resources.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Notice on Forward Looking Information
Certain statements and information herein, including all
statements that are not historical facts, contain forward-looking
statements and forward-looking information within the meaning of
applicable securities laws. Such forward-looking statements or
information include but are not limited to statements or
information with respect to the integration of the businesses of
HeliosX and ongoing performance. Often, but not always,
forward-looking statements or information can be identified by the
use of words such as "estimate", "project", "belief", "anticipate",
"intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and
information.
With respect to forward-looking statements and information contained herein, HeliosX has made
numerous assumptions including among
other things, assumptions about
general business and economic conditions
of the Company and the market in which it operates.
The foregoing list of assumptions is not
exhaustive. Although management of HeliosX believe that the
assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that forward-looking statements or information herein will prove to
be accurate. Forward-looking statements and information by their
nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements or information. These factors include, but are not
limited to: risks associated with the business of HeliosX; business
and economic conditions in the lithium industry generally; changes
in commodity prices; changes in interest and currency exchange
rates; government action or delays in the receipt of government
approvals, industrial disturbances or other job action, and
unanticipated events related to health, safety and environmental
matters); changes in general economic conditions or conditions in
the financial markets; changes in laws; risks related to the direct
and indirect impact of COVID-19 including, but not limited to, its
impact on general economic conditions, the ability to obtain
financing as required; and other risk factors as detailed from time
to time. HeliosX does not undertake to update any forward-looking
information, except in accordance with applicable securities
laws.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure
to comply with this restriction may constitute a violation of
U.S. Securities laws.
SOURCE HeliosX Lithium & Technologies Corp
