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$WCTXF big news today LiCo Energy Metals

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iamnottheone Member Level  Thursday, 12/07/17 09:35:41 AM
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$WCTXF big news today LiCo Energy Metals - Receives $1,222,250 From the Exercise of Options and Warrants and is Featured in the Current Issue of Resource Global Network

VANCOUVER , British Columbia, December 7, 2017 /PRNewswire/ --

LiCo Energy Metals Inc. ("the Company" or "LiCo") (LIC.V) (WCTXF) is pleased to announce that from November 9th, 2017 to December 4th, 2017, the Company has received $1,222,250 in proceeds from the exercise of warrants and options. This amount, in addition to the recently closed non-brokered private placement offering of $960,000, has put an additional $2,182,250 into the Company's treasury since November 9th, 2017.

"We are very happy that our shareholders continue to support our company and its exploration programs globally" comments Mr. Tim Fernback, President & CEO of LiCo. "The funds that we have received over the past month will not only go towards additional mineral exploration in Canada, but will be used to make our final property payment in early 2018 to Glencore on the Glencore Bucke Property. Completing this transaction with Glencore, and working towards the delineation of an aggregate in-situ value of $100,000,000 or more, is part of our corporate plan to create a cobalt resource in Ontario. Hitting this in-situ value mark is an important factor in Glencore's Back-In Option with LiCo."

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