RecycLiCo Battery Materials (“AMI” or the “Company”) is pleased to announce that it has closed a non-brokered private placement of 400,000 flow-through units for gross proceeds of $80,000 (the “Offering”). Each flow-through unit consists of one flow-through common share of AMI and one warrant. Each warrant will be exercisable for one common share at a price of $0.30 per common share for a period of two years from the warrant’s issuance date.
The proceeds will be used to fund exploration of the Company’s Canadian mineral properties.
All securities issued pursuant to the Offering will be subject to a hold period of four months which expires on April 27, 2019. This Offering is subject to final acceptance by the TSX Venture Exchange.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical metal company with a patented process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum. Using a novel combination of reagents and unit operations, AMY can provide 100% extraction of cathode metals at battery grade purity. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become the industry leader in recycling spent electric vehicle lithium-ion batteries (Please see the Company’s Dec 14, 2018 Business Plan (“CBP”) for further details).
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.