AMERICAN LITHIUM CONFIRMS ADDITIONAL EXEMPTION FOR PRIVATE PLACEMENT
Vancouver, B.C., August 15, 2018 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA; )
(“American Lithium” or the “Company”) announces that, further to its news release of July 24, 2018, it is expanding its non-brokered private placement (the “Offering”) to include investors who have received suitability advice regarding their investment from a registered investment dealer. As previously announced, the Offering will consist of up to 11,250,000 units (each, a “Unit”) at a price of $0.40 per Unit. Each “Unit” will consist of one common share and one-half-of-one common share purchase warrant (each full warrant, a “Warrant”). Each “Warrant” will entitle the holder to purchase one common share at a price of $0.75 per share for a period of twenty-four months. The Offering is not subject to any minimum size, and the Company may elect to increase the size of the Offering based on market conditions at the time of closing.