TORONTO, March 15, 2019 (GLOBE NEWSWIRE) -- LSC Lithium Corporation (“LSC” or
the “Corporation”) (TSX-V:LSC) (FRANKFURT:8LS) is pleased to announce the successful completion of the previously
announced plan of arrangement whereby Pluspetrol Resources Corporation B.V. (“Pluspetrol”) has, effective today’s
date, acquired all of the issued and outstanding common shares of LSC (the “Arrangement”). Pursuant to the
Arrangement, Pluspetrol acquired all of the issued and outstanding LSC common shares in exchange for $0.6612 in cash (the
“Consideration”) for each LSC common share. In addition, issued and outstanding options and warrants to
acquire LSC common shares were transferred to LSC in exchange for a cash payment of the Consideration less the exercise price of
the applicable options and warrants. All out-of-the-money options and warrants were cancelled for no consideration.
As a result of the closing of the Arrangement, the common shares of LSC are expected to be delisted from the TSX
Venture Exchange at the close of trading on or about March 20, 2019.
LSC intends to apply to the relevant securities regulatory authorities to cease to be a reporting issuer in
British Columbia and Alberta.
Securityholders with questions about submitting their securities to the Arrangement and receiving the applicable
consideration to which they are entitled can contact the depositary, TSX Trust Company, at 1-866-600-5869 (toll free in North
America) or 416-342-1091 or by email at TMXInvestorServices@tmx.com.
Further information about the Arrangement is also set out in LSC’s Management Information Circular, which is
available under LSC’s profile on SEDAR at www.sedar.com.
ABOUT LSC LITHIUM CORPORATION
LSC Lithium has amassed a large portfolio of prospective lithium rich salars and is focused on developing its
material projects: Pozuelos and Pastos Grandes Project, Rio Grande Project and Salinas Grandes Project. All LSC tenements are
located in the “Lithium Triangle,” an area at the intersection of Argentina, Bolivia, and Chile where the world’s most abundant
lithium brine deposits are found. LSC Lithium has a land package portfolio totaling approximately 300,000 hectares, which
represents extensive lithium prospective salar holdings in Argentina.
ABOUT PLUSPETROL
Pluspetrol is the leading oil and gas private company in Latin America, with presence in 3 continents and
operations in 5 countries: Argentina, Angola, Bolivia, Colombia and Perú. Pluspetrol is also positioned as an important protagonist
in unconventional reservoirs in Argentina, which makes it a key global player in this strategic resource.
For further information please contact:
LSC Lithium Corporation
40 University Avenue, Suite 605
Toronto ON Canada M5J 1T1
Natalio Battaglia
+598 2 1838 3200/3403
Neither the TSX Venture Exchange Inc. 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.
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press
release.
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