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Off-market insider buying at Argentina Lithium & Energ (V:LIT)

Updated Monday Nov 15, 2021 03:18 AM EDT

Nikolaos Cacos, CEO and Director, acquired 225,000 Common Shares on a direct ownership basis at a price of $0.450 through a prospectus or prospectus exempt offering on November 10th, 2021. The insider also acquired 225,000 Warrants on a direct ownership basis at an exercise price of $0.700 for 3 years. This represents a $101,250 investment into the company's shares and an account share holdings change of 20.5%.

Argentina Lithium & Energ is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Argentina Lithium & Energy Corp. is a Canada-based natural resource company, which is engaged in the acquisition and exploration of resource properties in the Americas and Argentina. The Company comprises a portion of the Lithium Triangle. The Lithium Triangle hosts approximately 60% of the known lithium reserves. Incahuasi Lithium project has approximately 25,000 hectares of the Incahuasi Salar and basin in Catamarca province. The Incahuasi salar is located in the province of Catamarca in the high plateau region of northwestern Argentina, at an altitude of approximately 3300 meters above sea level. The salar is located in a hyper-arid region, receiving on average less than 30 millimeters of rain per year. The Antofalla project has approximately 9,000 hectares of mining claims, plus an additional 5380.5 hectares under option, in the north end of the Salar de Antofalla. The project is approximately 150 kilometers long and 5-7 kilometers wide and is situated at 3,900 meters elevation.

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Go to Argentina Lithium & Energy Corp. (LIT)'s company page

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