Business NewsMarketWire • Small Ventures USA, LP Announces Update on Holdings of Shares of Western Lithium USA Corporation

Small Ventures USA, LP Announces Update on Holdings of Shares of Western Lithium USA Corporation

Small Ventures USA, LP Announces Update on Holdings of Shares of Western Lithium USA Corporation

HOUSTON, TEXAS--(Marketwire - Sept. 20, 2010) - Small Ventures USA, L.P. ("Small Ventures") wishes to report a material change in the percentage of the outstanding common shares of Western Lithium USA Corporation (formerly Western Lithium Canada Corporation) ("WLC") held by it from the percentage reported in its last press release dated May 11, 2009 (the "Previous Report"). The change is primarily the result of the issuance of 19,744,670 additional common shares by WLC from treasury during the period from September 30, 2009 to June 30, 2010. In addition, since the Previous Report, Small Ventures has sold 28,000 common shares of WLC through the facilities of the Toronto Stock Exchange. Small Ventures now owns 6,094,198 common shares of WLC and 1,000,000 warrants (each exercisable for one common share of WLC at a price of CAD$0.60 for a period of 24 months ending May 6, 2011), which together now represent approx

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