Li-Metal Announces Acceleration of Warrants and Issues Common Shares in Satisfaction of Interest Payment on Senior Secured Convertible Debenture - Seite 2

Common Share Issuance in Satisfaction of Interest Payment

Li-Metal also announces that, further to the news release published by the Company on October 25, 2021, the Company has issued 141,367 Common Shares to six prior debenture holders in satisfaction of interest owed by the Company on senior secured convertible debentures (the "Debentures") in the amount of US$141,369.87 (the "Interest Payment"). No fractional Common Shares were issued in satisfaction of the Interest Payment. The Common Shares issued in satisfaction of interest payable under the Debentures are subject to four-month hold period resale restrictions under Canadian securities laws. The issuance of the Common Shares in lieu of cash was subject to the terms and conditions of the Debentures as well as the receipt of any requisite approvals, including, without limitation, the approval of the CSE.

On behalf of the Board

Maciej Jastrzebski
CEO and Director

About Li-Metal Corp.

Li-Metal is a Canadian-based company developing lithium metal anodes and lithium metal production technologies for use in next generation batteries. Our production methods are significantly more sustainable than existing products and offer lighter, more energy dense and safer batteries that are critical to tomorrow's electric vehicles. For more information visit, www.li-metal.com.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the Company's strategic plans are forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the development of the business of the Company will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Investor Contact

For more information on Li-Metal or to be added to the Company's email distribution list, please contact:
Salisha Ilyas
Tel: [phone]
Email: [e-mail]

SOURCE: Li-Metal Corp.

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