VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 28, 2017) – American Lithium Corp. (TSX VENTURE:LI)(OTCQB:LIACF)(FRANKFURT:5LA)(WKN:A2AHEL) (“American Lithium”; or, the “Company”) is pleased to announce that it has completed a private placement of 10,000,000 units (each, a “Unit”), at a price of $0.125 per Unit, for gross proceeds of $1,250,000. Each Unit consists of one common share of the Company, and one common share purchase warrant (each, a “Warrant”). Each Warrant is exercisable to acquire one additional common share of the Company at a price of $0.25 per share for a period of thirty-six months.
