Jan 4 (Reuters) - American Lithium Corp LI.V :
* AMERICAN LITHIUM TO COMPLETE PRIVATE PLACEMENT
* WILL UNDERTAKE NON-BROKERED PRIVATE PLACEMENT OF UP TO 10,000,000 UNITS AT $0.10 PER UNIT FOR GROSS PROCEEDS OF UP TO $1,000,000
* PROCEEDS OF PLACEMENT WILL BE USED TO CONTINUE DEVELOPMENT OF CO'S TLC PROJECT IN NEVADA, AND FOR GENERAL WORKING CAPITAL PURPOSES