Millennial Lithium Corp. (ML: TSX.V) (A3N2:GR: Frankfurt) (MLNLF: OTCQB) (“Millennial” or the “Company”) wishes to announce that the Company’s Compensation Committee and Board of Directors have approved the award of 800,000 RSUs to certain directors, officers, employees and consultants. The 800,000 RSUs vest in six months subject to receipt of shareholder and Exchange approval and carry no award price. Shareholder approval is being sought at the Company’s next AGM.
On November 3, 2017, Millennial announced that it had adopted a restricted share units plan (the “Plan”) which provides for the issuance of up to 2,000,000 restricted share units (the “RSUs”). Each RSU, when it vests, entitles the holder to acquire one common share (the “RSU Shares”) of the Company. Any RSU Shares issued are subject to a four month resale restriction imposed by TSX Venture Exchange policies which ends four months after the award of the RSU.
The award of the 800,000 RSUs represents the balance of the RSUs available under the Plan. No further RSU awards can be made under the Plan.
MILLENNIAL LITHIUM CORP.
President and CEO, Director
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.