VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 16, 2017) - Millennial Lithium Corp. (TSX VENTURE:ML)(FRANKFURT:A3N2)(OTCQB:MLNLF) ("Millennial" or the "Company") is pleased to announce it has engaged RK Equity Advisors LLC ("RK Equity") of New York as capital markets advisor to assist Millennial in raising its profile in the institutional investment community and sourcing development capital for its lithium projects in Argentina.
For the past 15 years RK Equity has specialized in advising Canadian-listed resource developers, including extensive work with lithium issuers over the past 8 years. RK Equity has institutional investor relationships globally representing over $1 trillion of assets under management.
Howard Klein of RK Equity said "We are strong believers that Argentina will attract significant investment in 2017 and become a substantial, low cost supplier of high purity lithium chemicals to the battery industry as electric vehicles move to mass adoption over the next decade. We are excited to be partnering with Millennial to raise awareness of its flagship Pastos Grandes lithium brine project in Salta Province and Cauchari East in Jujuy province. Millennial's proven technical and advisory team, led by Iain Scarr who brought Galaxy Resource's Sal da Vida through definitive feasibility, as well as strategic advisor Vijay Mehta, gives us high confidence that Millennial will earn a position in the ranks of top lithium companies in the foreseeable future."
The agreement is for a term of one year, commencing January 17, 2017, subject to certain termination rights by both parties. In consideration of the services to be provided, Millennial will pay a monthly retainer and issue incentive stock options to RK Equity.
Subject to regulatory approval, Millennial will grant RK Equity and other consultants a total of 400,000 incentive stock options exercisable for a period of 2 years at $1.40 per share.
MILLENNIAL LITHIUM CORP.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.