Small Ventures USA, LP

September 20, 2010 16:41 ET

Small Ventures USA, LP Announces Update on Holdings of Shares of Western Lithium USA Corporation

HOUSTON, TEXAS--(Marketwire - Sept. 20, 2010) - Small Ventures USA, L.P. ("Small Ventures") wishes to report a material change in the percentage of the outstanding common shares of Western Lithium USA Corporation (formerly Western Lithium Canada Corporation) ("WLC") held by it from the percentage reported in its last press release dated May 11, 2009 (the "Previous Report"). The change is primarily the result of the issuance of 19,744,670 additional common shares by WLC from treasury during the period from September 30, 2009 to June 30, 2010. In addition, since the Previous Report, Small Ventures has sold 28,000 common shares of WLC through the facilities of the Toronto Stock Exchange. Small Ventures now owns 6,094,198 common shares of WLC and 1,000,000 warrants (each exercisable for one common share of WLC at a price of CAD$0.60 for a period of 24 months ending May 6, 2011), which together now represent approximately 8.46% of the issued and outstanding common shares of WLC on a partially-diluted basis (compared to 11% at the time of the Previous Report).

Small Ventures USA, LP

Small Ventures is a venture capital and private equity firm founded and managed by William O. Perkins III. Based in Houston, Small Ventures deploys capital across multiple sectors and geographic regions on an opportunistic basis, with a bias toward early stage investment. In addition to funding, Small Ventures provides operational and financial-trading capabilities to its investment portfolio. Its principal office is located at 3050 Post Oak Boulevard, Suite 460, Houston, Texas 77056.

Contact Information

  • Small Ventures USA, LP
    Kayla Bruzzese
    (713) 341-7916