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Liberty One Lithium names Brad Nichol as new chief executive

Last updated: 20:08 25 Jul 2017 BST, First published: 14:08 25 Jul 2017 BST

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Nichol has served and advised on strategy and finance for over 25 years.

Finance and resource development specialist Brad Nichol has joined Liberty One Lithium Corp (CVE:LBY, OTCQB: LRTTF) as its new chief executive and president.

Bradley Hoeppner has stepped down as president and CEO with immediate effect but remains as director and valued adviser of the company.

Previously, Nichol has worked for oil services giant Schlumberger.

He served in various technical, managerial, marketing and sales roles in North America, South America and Europe, before leaving to do an MBA  at the London Business School, which he completed in 2003.

He has served and advised on strategy and finance for over 25 years.

Since 2005, he has led the development of several exploration and production companies, principally based in Calgary, Alberta.

Liberty One's director and finance chief Morgan Tincher said: "We are delighted to have Brad join with us today.

"His background in corporate finance, as well as his extensive understanding of resource development, is a huge plus for our growing operation.

"Liberty is about to execute on several operational activities, and having an experienced hands-on operator will be instrumental in achieving maximum benefits for our shareholders.

"We look forward to Brad's guidance as we strive to become one of the leading operators in the lithium brine space."

Lithium One is focused on the acquisition and development of high-grade lithium brine deposits.

On Friday it said it had closed its previously announced private placing and raised gross proceeds of C$1mln.

The cash will be used to partly finance its up to 80% acquisition of the Pocitos West project in Argentina. It issued 2mln units at 50 cents each.

Liberty One shares added 1.54% to 66 Canadian cents.

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