SOUTHERN LITHIUM CORP V.SNL

Their terms are questionable....

[oceaneleven]

latest cheapie optionbs:
is pleased to announce the issuance of 3 million options to various executives, directors, and consultants, in accordance with the Company's approved option plan
Each option is exercisable into one Share at $0.12 per Share for a period of 12 months from the date of grant and have no vesting conditions.

and 12 days ago

VANCOUVER, Canada / TheNewswire / Southern Lithium Corp.  (TSX-V: SNL) (FSE: SL5) ("Southern" or "the Company") is pleased to announce that the Company is issuing 2,800,000 stock options to consultants at the exercise price of $0.13 which expire in one year.

and at the bottom of the same NR:

The company would also like to announce the issuance of 800,000 stock option at a price of $0.25 to be issued to Management, Directors and Consultants of the Company

[oceaneleven]

oopsie...forgot to add this term: In the event that the Company’s common shares trade at a closing price greater than $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving written notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date

[Budd22]

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[DrWealth]

At this point its a 50 50 shot...keep in mind they r only drilling 2 holes for now..there may be good lithium on the cruz prop. But it may ot be where they r drilling. Lithium Magnetic anomaly may be enhanced by the volcano as well...if results are below 200ppm snl could be toast... lets hope for the best it is the lithium triangle afterall..

[oceaneleven]

Budd, I think there is an opportunity here to see a little sp appreciation...it's early in the game...the drill news release will tell a little more but I wouldn't expect to much out of it as these results will be the guidance needed to say yah or nah.....little known info on this un-explored area of the volcano...why ???

[DrWealth]

Ocean.. u seemed pretty bullish in some of ur posts.. what changed ? My hunch now is that the delay to post the results of the 1st hole could be because they were not as good as expected hence why clive said he wants to post the results with the 2nd hole completion in the hopes that they r better than the 1st who.. if both holes strike out its game over...i also wonder why sam resigned...im still

[DrWealth]

See quote from larry in the brine density news release.. why wouod he say they will report assay results as they r received yet clive now wants to wait for the 2nd hole results before reporting? Sounds fishy Larry Segerstrom, President of Southern, states The densities of the 11 samples indicate the presence of brine throughout the section. Density is only an indirect measure of brine lithium

[Dubld39]

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[bobyback]

A general news update should be posted today stay tuned!

[DrWealth]

Took the day off work .. gona watch my kids and wait for the news release today lol il be babysitting my kids and stockhouse...glta lets hope for a positive general news release... i must say i learned a lot in this invesment process.. i got myself some new set of rules for juniour exploration companies...number one do not invest significant cash until right before assay results r about to be

[Firestorm27]

On your point about the results being possibly weaker... The results could've also been greater than expected, in which case maybe they held results back to avoid over hyping it. With results from both holes they will have a much more clarity as to the amount of lithium. GLTA

[DrWealth]

I sure hope u r right! Also a possibility....

[MaxTMaxT]

Management/Insiders are in this to make $$$$$$$$$$$$$. So am I. Cheers.

[Just2017]

Does anyone have insight on % insider ownership?

[Budd22]

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[oceaneleven]

mostly see terms of "if sp is XXX for 20 days"....not 10....that is really short time as it doesn't give much time to seek advice/due diligence on whether to exercise warrants or pass... as for the no vesting conditions on the cheapie options granted, there is on the PP financing at .25 cents... All securities issued in the financing will be subject to a statutory hold period