Lithium Power International Ltd: Reminder of the Expiry of Listed Options LPIO
Sydney - Lithium Power International Ltd. (ASX:LPI) (OTCMKTS:LTHHF) ("LPI" or "the Company") reminds its security holders, that further to its announcement on 26 October 2017, the listed options trading under the code LPIO will expire, unless exercised before, on 24 November 2017.Quotation of the LPIO options will cease at close of business on 20 November 2017.
Each LPIO option is exercisable at a price of $0.55 (55 cents), and entitles the holder to subscribe for one fully paid ordinary share of the Company. The options were issued on 7 December 2016 under a prospectus dated 31 October 2016.
As previously provided, enclosed is a "Notice of Exercise of Options" in order to exercise the options.
Please contact Andrew Phillips by email on phillips@lithiumpowerinternational.com, if you have any queries regarding exercising or paying for the LPIO options.
About Lithium Power International Ltd:
Lithium Power International Ltd. (ASX:LPI) (FRA:24L) is a pure-play lithium explorer and developer, focusing on developing and fast-tracking to production the high-grade Maricunga lithium brine project in Chile.
LPI has a well known performing technical team with the experience to take the Maricunga project all the way through the development stages to production.
The regions that LPI is currently focussed on are:
1. Maricunga JV (Chile) – On 13th September 2016, Lithium Power announced the creation of a new JV to develop the world-class Maricunga lithium brine deposit in northern Chile.
2. Pilbara (Western Australia) – LPI has one granted exploration tenement and two pending exploration applications covering 203km2 in the Pilbara region of northern Western Australia. The largest granted exploration tenement is at Pilgangoora-Houston Creek is 2-3km west of the Pilbara Minerals (PLS.ASX) and Altura Mining (AJM.ASX) lithium deposits.
3. Greenbushes (Western Australia) – LPI has two granted exploration tenements covering 400km2 in the Greenbushes area of southern Western Australia. The tenements are adjacent to the world’s largest hard rock lithium mine owned & operated by Tianqi/Talison.
4. Centenario (Argentina) –Through its Argentinian subsidiary, Lithium Power holds a total of 6 granted tenements in the Centenario lithium brine salar within the Salta province of the Puna Plateau. In total, the 6 granted tenements cover an area of 61.52km2. In addition, there is 1 further tenement in the grant review stage.
With the exception of the Maricunga JV, all tenements are 100% owned by LPI or LPSA (including rights to the Centenario tenement which is the subject of review by the Argentinian mining authorities).
Contact:
Andrew Phillips Company Secretary
Lithium Power International Ltd.
E: phillips@lithiumpowerinternational.com
www.lithiumpowerinternational.com
Twitter: @LithiumPowerLPI