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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: ralfph who wrote (253365)	12/19/2017 8:56:25 AM
From: kidl	Read Replies (1) \| Respond to of 313850

LIX ... Maybe not a rocking deal for many but certainly one for Guistra The Globe and Mail reports in its Tuesday, Dec. 19, edition that Chinese investment firm, Nextview New Energy Lion Hong Kong, said Monday it is buying Frank Giustra's Lithium X Energy ($2.49) for $265-million. The Globe's Niall McGee writes that Nextview is offering $2.61 a share for Lithium X, a 22.5-per-cent premium to the Friday closing price. Lithium X's chief asset is the Sal de los Angeles lithium project in Argentina. The Globe reports that the project holds just more than one million tonnes of indicated resources of lithium carbonate equivalent. The company eventually hopes to become a low cost supplier of lithium to the battery industry. Lithium X has not been a public company for long. It only came to market in November, 2015, in a reverse takeover of Royce Resources, a TSX Venture-listed shell company in which Mr. Giustra was a major shareholder. Mr. Giustra also participated in Lithium X as an early stage shareholder in seed financing rounds as low as 15 cents a share. In 2016, the company acquired a 50-per-cent interest in Sal de los Angeles, eventually buying the remainder this past summer. Since going public, it has raised about $50-million in a number of different financings. © 2017 Canjex Publishing Ltd.