TORONTO, ONTARIO – February 9, 2018 – Lithium Energy Products Inc. (“Lithium” or the “Company”) (TSX-V:LEP) (FRANKFURT:N8I) announces that it has completed its previously announced shares for debt settlement with one arm’s length creditor of the Company after being granted approval of the transaction by the TSX Venture Exchange. An aggregate of $200,000 in outstanding debt was settled through the issuance of 4,000,000 common shares in the capital of the Company (the “Debt Shares”) at a deemed price of $0.05 per Debt Share.
The Debt Shares were issued in reliance on certain prospectus exemptions available under applicable securities legislation and are subject to a hold period of four months and one day ending on June 10, 2018.
About Lithium Energy Products Inc.
Lithium is a Canadian junior exploration company publicly traded on the TSX Venture Exchange. The Company is focused on developing lithium properties in the USA. For further information, please visit our website at www.lithiumenergyproducts.com.
Chief Executive Officer
Lithium Energy Products Inc.
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.