July 10 (Reuters) - American Lithium Corp LI.V :
* AMERICAN LITHIUM TO REDUCE ROYALTY OBLIGATIONS FOR TLC PROJECT AND EXPAND HOLDINGS IN ESMERALDA LITHIUM DISTRICT IN NEVADA
* AMERICAN LITHIUM - WILL COMPLETE CASH PAYMENT OF US$150,000 TO NEVADA ALASKA
* AMERICAN LITHIUM - WILL ISSUE 843,750 COMMON SHARES BASED UPON DEEMED EXCHANGE RATE OF CDN$1.35 FOR US$1.00, DEEMED PRICE OF CDN$1.36 PER SHARE
* AMERICAN LITHIUM CORP - HAS AGREED TO ISSUE 4 MILLION COMMON SHARES, AT A DEEMED PRICE OF CDN$1.36 PER SHARE, TO EXISTING SHAREHOLDERS OF NEVADACO