NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Vancouver, British Columbia – March 11, 2020 – Alpha Lithium Corporation (TSX.V:ALLI) (OTC:ALLIF) (the “Corporation”) announced that, it has granted an aggregate of 2,600,000 stock options (each, an “Option”) to directors, officers and investor relations consultants pursuant to its stock option plan.
400,000 Options were granted to investor relations providers. Each Option was granted to the investor relations providers at an exercise price of $0.42 per common share and is exercisable for a period of two (2) years from the date of grant. The investor relations Options vest in four equal quarterly installments over a one-year period, with the first installment being the date of grant.
The 2,200,000 Options to directors and officers are exercisable at a price of $0.42 per common share for a period of five (5) years from the date of grant.
All securities issued will be subject to an Exchange Hold Period (as defined by the policies of the TSX Venture Exchange) of four months and one day following the original granting of such securities.
ON BEHALF OF THE BOARD OF ALPHA LITHIUM CORPORATION
President, CEO and 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.