American Lithium merger with Plateau Energy
2021-05-18 14:30 MT - Amalgamation
The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement dated Feb. 9, 2021, between American Lithium Corp. and Plateau Energy Metals Inc. Pursuant to the agreement, American Lithium acquired all of the issued and outstanding common shares of Plateau pursuant to a statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) for consideration of: (i) 0.29 of a fully paid and non-assessable American Lithium share; and (ii) 0.145 of a common share purchase warrant of American Lithium for each outstanding Plateau common share held immediately prior to 12:01 a.m. Toronto time on May 11, 2021. Each whole exchange warrant will entitle the holder to acquire one American Lithium share at a price of $3 until May 11, 2024
Effective at the opening on Thursday, May 20, 2021, 18,445,959 warrants of American Lithium will commence trading on the TSX Venture Exchange. The company is classified as a mineral exploration company.
Corporate jurisdiction: British Columbia
Capitalization: 20,083,126 warrants with no par value, of which 18,445,959 warrants are issued and outstanding
Transfer agent: AST Trust Company (Canada)
Trading symbol: LI.WT
Cusip No.: 027259 11 8
The warrants were issued in connection with the arrangement. Each warrant entitles the holder to acquire one American Lithium share at a price of $3 until May 11, 2024.
© 2021 Canjex Publishing Ltd. All rights reserved.
stockwatch.com |
