News Feed - CA

Dec 08, 2023 07:30 ET

Triple One Metals Inc. enters into definitive property purchase agreement with Portsmouth Gold Corp. and appoints Paul Gill as Chief Executive Officer and Director

Triple One Metals Inc. ("Triple One" or the "Company") (CSE:TONE) is pleased to announce, further to its press release dated September 18, 2023, it has now entered into a definitive property purchase agreement dated for reference December 5, 2023...

Dec 08, 2023 07:30 ET

Wellfield Technologies Inc. Announces Planned Launch of Tokenized Gold Ecosystem

In February 2023 Wellfield acquired Tradewind Markets, a leading blockchain based precious metals platform offering their flagship product VaultChain™ Gold: ownership of institutional gold custodied by the Royal Canadian Mint, digitized on Tradewind Market's enterprise blockchain.

Dec 08, 2023 07:10 ET

POET Technologies Earns High Praise from Industry Expert in New e-Book

POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and...

Dec 08, 2023 07:00 ET

Green Thumb Announces Retirement of Richard Drexler from Board of Directors

Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced the retirement of Richard Drexler from its Board of...

Dec 08, 2023 07:00 ET

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

VANCOUVER, BC, and HOUSTON, Dec. 8, 2023 /CNW/ -- International Battery Metals Ltd. (the "Company") (CSE: IBAT), is pleased to announce that it has closed its previously announced private placement of units (the "Private Placement").

Dec 08, 2023 07:00 ET

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

VANCOUVER, BC, and HOUSTON, Dec. 8, 2023 /PRNewswire/ -- International Battery Metals Ltd. (the "Company") (CSE: IBAT), is pleased to announce that it has closed its previously announced private placement of units (the "Private Placement").

Dec 08, 2023 07:00 ET

Mako Mining Is on Track for Record Gold Sales in Q4 2023 With Significantly Improved Balance Sheet

VANCOUVER, BC / ACCESSWIRE / December 8, 2023 / Mako Mining Corp. (TSXV:MKO);(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide the following update:

Dec 08, 2023 07:00 ET

Mirasol Advances Exploration at Inca Copper-Gold Project in Chile and Reports Drill Results from Vania Prospect

Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) (the “Company” or “Mirasol”) reports on progress of the exploration program and drill results from the maiden drill program launched at the Vania prospects on the Inca Copper-Gold Project (“Inca...

Dec 08, 2023 07:00 ET

National Bank of Canada confirms the launch of its normal course issuer bid

MONTREAL, Dec. 8, 2023 /CNW/ - National Bank of Canada (the "Bank") (TSX: NA) announced that the Toronto Stock Exchange (the "TSX") and the Office of the Superintendent of Financial Institutions have approved the Bank's normal course issuer bid to purchase for cancellation up to 7,000,000 of its common shares, representing approximately 2.07% of its 338,269,824 issued and outstanding common shares as at November 28, 2023.

Dec 08, 2023 07:00 ET

Q GamesMela Hits Early Milestones In First Month of Release

Unique Integration of In-App Purchases, Targeted Ads and G-Commerce for Free and Real Money Gamers Resonates with Inaugural Users

Dec 08, 2023 07:00 ET

Q GamesMela Hits Early Milestones In First Month of Release

Unique Integration of In-App Purchases, Targeted Ads and G-Commerce for Free and Real Money Gamers Resonates with Inaugural Users

Dec 08, 2023 07:00 ET

QcX Gold Acquires High Resolution LiDAR Data, Discovers Pegmatite on Golden Giant Project

Montréal, Québec--(Newsfile Corp. - December 8, 2023) - QcX Gold Corp. (TSXV: QCX) (OTCQB: QCXGF) (FSE: 21MA) ("QcX" or the "Company") is pleased to announce that it has received high-resolution LiDAR and orthophotography data from its contractor ALS Goldspot Discoveries Ltd. ("ALS Goldspot" or the "Contractor"). The survey was flown in September during the previously announced lithium focused field campaign across the Golden Giant Project, in the James Bay region of Quebec (see August 8, 2023 Press Release). A video highlighting the uses of the obtained data can be viewed here. In addition, pegmatite was found on the Golden Giant West block. All pegmatite samples returned anomalous values for important indicator elements Be, Cs, Nb, Rb and Ta, highlighting the potential for LCT (lithium-caesium-tantalum) type pegmatites in the area. QcX is surrounded by major lithium developers and explorers in James Bay, including Allkem, Patriot Battery Metals, Brunswick Exploration, and LiFT Power. The easternmost block of Golden Giant, Kali East, (see Figure 1) is located directly adjacent to the Billy Diamond Highway, making for easy access and low-cost exploration.

Dec 08, 2023 07:00 ET

Recent Drilling at TLC Significantly Expands Higher Grade, Near Surface Lithium Mineralization

American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) is pleased to announce results from 14 step out drill holes expanding the measured resource footprint at the Tonopah Lithium Project (“TLC”),...

Dec 08, 2023 07:00 ET

SPARC AI Closes Private Placement to Develop an AI Microchip

December 8, 2023 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE:SPAI) (OTC:EGTTF) (Frankfurt:5OV0) (“SPAI” or the “Company”) is pleased to announce it had received oversubscribed demand and closed its private placement offering of 3,389,777 common shares of the Company (“Shares”) for gross proceeds of Canadian $371,875. The Offering was completed at $0.11 per share. All securities issued pursuant to the private placement will be subject to a hold period of four-months and one day from the date of issuance under applicable securities laws, April 9, 2024. No finder’s fees were paid wit

Dec 08, 2023 07:00 ET

Tempus Resources Announces Defective Notice Under Section 249D of Corporations Act

Perth, Australia--(Newsfile Corp. - December 8, 2023) - Tempus Resources Ltd (ASX: TMR) (TSXV: TMRR) (OTC Pink: TMRFF) ("Tempus" or the "Company") advises that, as announced on 1 December 2023, the company received a defective notice under section 203D of the Corporations Act 2001 (Cth) (Act) and section 249D of the Act on 29 November 2023 (Previous Defective Notice) from shareholders who, as at 29 November 2023, held less than 5% of the Company's issued fully paid ordinary shares (Shares).

Dec 08, 2023 07:00 ET

THE ROYAL CANADIAN MINT INVITES THE PUBLIC TO TRADE THEIR CHANGE FOR THE FIRST CIRCULATION COINS TO FEATURE THE EFFIGY OF HIS MAJESTY KING CHARLES III

OTTAWA, ON, Dec. 8, 2023 /CNW/ -The Royal Canadian Mint is hosting a coin exchange at its Ottawa boutique where it is inviting the public to trade their change to collect the first circulation coins to feature the effigy of His Majesty King Charles III.

Dec 08, 2023 06:53 ET

Alpha Exploration Ltd. Announces Closing of First Tranche of Private Placement Financing

Calgary, Alberta--(Newsfile Corp. - December 8, 2023) - Alpha Exploration Ltd. (TSXV: ALEX) (the "Corporation" or "Alpha") is pleased to announce that, after market close on December 7, 2023, it closed the first tranche of its previously announced non-brokered private placement of units in the capital of the Corporation ("Units") of up to $5,000,000.00 at a purchase price of $0.70 per Unit (the "Offering Price"), for total aggregate gross proceeds of $4,180,001.00 (the "Offering"). The principal use of the proceeds of the Offering will be for funding ongoing exploration work on the Kerkasha Project in Eritrea, operating and administrative expenses, working capital and general corporate purposes.

Dec 08, 2023 06:30 ET

GR Silver Mining Announces Debt Settlement

VANCOUVER, BC, Dec. 8, 2023 /CNW/ - ("GR Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – The Company announces that it has negotiated debt settlement with arm's length and non-arm's length creditors. Pursuant to the debt settlement agreements, and subject to acceptance by the TSX-V, the Company has settled aggregate debt of $100,792 outstanding as at October 31, 2023, in consideration for which it will issue an aggregate of 1,343,891 common shares at a deemed price of $0.075 per share.

Dec 08, 2023 06:00 ET

CWB declares dividends in December 2023

EDMONTON, AB, Dec. 8, 2023 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per common share (TSX: CWB), payable on January 4, 2024 to shareholders of record on December 21, 2023. This quarterly dividend is up one cent, or 3%, from the prior quarter and two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on January 31, 2024 to shareholders of record on January 24, 20

Dec 08, 2023 06:00 ET

CWB reports fourth quarter and full year 2023 financial performance

EDMONTON, AB, Dec. 8, 2023 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the year ended October 31, 2023. Annual diluted earnings per share of $3.38 was relatively consistent with the prior year and adjusted earnings per common share(1) of $3.58 declined 1%.

Dec 08, 2023 06:00 ET

Eureka Lithium Corp Signs Letter of Intent to Option Drill-Ready and Permitted Lithium Properties near Val D'Or, Quebec

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2023) - Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka Lithium" or "Eureka" or the "Company") is please to announce that it has entered into a letter of intent ("Letter of Intent") with respect to an option ("Option") to acquire from Medaro Mining Corp. ("Optionor") a 100% undivided interest in and to the mineral claims comprising the Optionor's Lac La Motte ‎Project in the mining area of Abitibi, Quebec ("Property"), subject to a 1% net smelter returns royalty in favor of the Underlying Owner (as defined below) ("NSR").

Dec 08, 2023 06:00 ET

OPSENS RECEIVES FINAL ORDER FOR ARRANGEMENT WITH HAEMONETICS

All amounts in this press release are in Canadian dollars.

Dec 08, 2023 05:30 ET

Grid Battery Metals Announces the Geophysics Results from Phase 1 of its Exploration Plan at the Texas Springs Nevada Lithium Project

Coquitlam, BC – TheNewswire - December 8, 2023- Grid Battery Metals Inc. (the “Company” or “Grid Battery”) (TSXV:CELL) (OTC:EVKRF) (FRA:NMK2) announces the completed geophysics results from the first phase of its fall exploration program at its Texas Springs Property near Elko Nevada.

Dec 08, 2023 05:30 ET

Grid Battery Metals Announces the Geophysics Results from Phase 1 of its Exploration Plan at the Texas Springs Nevada Lithium Project

Dec 08, 2023 05:30 ET

Sleep Country Awakens More Albertans to the Power of Sleep with New Calgary Location

Company continues strategic growth plan with new store during the holiday shopping season

Dec 08, 2023 05:00 ET

Kuya Silver Announces Closing of First Tranche of Strategic Investment by Trafigura

Toronto, Ontario--(Newsfile Corp. - December 8, 2023) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce it has closed the first tranche of a USD$1,200,000 non-brokered private placement pursuant to an agreement with Trafigura Pte Ltd ("Trafigura"), through two of its subsidiaries, whereby Trafigura has invested USD$230,000 to acquire 1,248,716 units ("Units") of Kuya Silver at a price of CDN$0.25 per Unit to support the restart of production from the Bethania mine located in central Peru, to produce silver-lead and zinc concentrates (the "Offering"). Each Unit consists of one common share in the capital of Kuya Silver ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one Common Share for $0.37 until December 7, 2025. Trafigura has agreed to hold the Common Shares acquired in the Offering for a minimum of one year and will immediately exercise the Warrants if the Common Shares trade at a premium of 25% to the Warrant exercise price for one month.

Dec 08, 2023 03:35 ET

Jackpot Digital Receives License To Install Jackpot Blitz(R) ETGs at Divi Carina Bay Resort Casino, USVI

VANCOUVER, BC / ACCESSWIRE / December 8, 2023 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(US OTCQB:JPOTF)(Frankfurt Exchange:LVH3) is pleased to announce it has received licensing approval from the US Virgin Island Casino Control Commission, the regulator for Divi Carina Bay Resort Casino ("Divi Carina Bay") located in Christiansted, St. Croix, USVI. The Vendor's license was the final step required for installation and the Company is now scheduling installation of its next generation, dealerless Jackpo

Dec 08, 2023 02:00 ET

SolGold PLC Announces Espejo Project Update

High-Potential Porphyry Cu-Au-Mo Target Identified

Dec 07, 2023 23:34 ET

Benz Mining Corp. Announces Results of Annual General and Special Shareholder Meeting

Toronto, Ontario--(Newsfile Corp. - December 7, 2023) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) is pleased to announce the results of voting at its Annual General and Special Shareholder Meeting held on Friday, December 8, 2023, at 10am (AWST) in Perth, Australia (the Meeting).

Dec 07, 2023 23:01 ET

Getchell Gold Corp. Plans to Upgrade Mineral Resource Estimate at Fondaway Canyon Gold Project, Nevada

VANCOUVER, BC, Dec. 8, 2023 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce plans to upgrade the Mineral Resource Estimate at the Fondaway Canyon gold project in Nevada.

Dec 07, 2023 22:32 ET

American Lithium Announces Appointment of New Auditor

American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) is pleased to announce the engagement of Davidson & Company LLP, Chartered Professional Accountants (“Davidson”), as auditor of the Company for...

Dec 07, 2023 22:19 ET

Benz Appoints Chief Development Officer

Highlights

Dec 07, 2023 20:33 ET

Hybrid Power Solutions Engages Independent Trading Group, Inc.

Vancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - Hybrid Power Solutions Inc. (CSE: HPSS) ("Hybrid" or the "Company") is pleased to announce that it has appointed Independent Trading Group, Inc. ("ITG") as a market maker for its shares traded on the Canadian Securities Exchange ("CSE").

Dec 07, 2023 20:30 ET

Exploits Closes Final Tranche of Non-Brokered Private Placement of Flow-Through Shares; Announces AGM Results; and Grants Incentive Stock Options

Toronto, Ontario--(Newsfile Corp. - December 7, 2023) - Exploits Discovery Corp. (CSE: NFLD) (OTCQX: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce that it has completed the final tranche of a non-brokered private placement (the "Offering") for gross proceeds of $544,633. The Company issued 4,951,209 flow-through common shares (each, an "FT Share") at a price of $0.11 per FT Share. The net proceeds received from the Offering will be used to incur eligible "Canadian exploration expenses" ("CEE") that are "flow-through mining expenditures" (as such term is defined in the Income Tax Act (Canada)) related to the Company's mining projects. The Company paid finders fees in the amount of $29,880 and all FT Shares issued under the Offering are subject to a hold period expiring April 6, 2024 in accordance with applicable securities legislation.

Dec 07, 2023 20:00 ET

YOOMA WELLNESS ANNOUNCES BANKRUPTCY FILING

Yooma Wellness Inc. (“Yooma” or the "Company") (CSE: YOOM) (AQSE: YOOM), a global multi-branded wellness platform, including CBD products and other wellness brands, today announces that it has filed an assignment in bankruptcy pursuant to...

Dec 07, 2023 19:50 ET

Hydro One Inc. Announces Additional Offering of Medium Term Notes under Sustainable Financing Framework

TORONTO, Dec. 7, 2023 /CNW/ - Hydro One Limited, Ontario's largest electricity transmission and distribution company, today announced that its wholly-owned subsidiary, Hydro One Inc. (together with Hydro One Limited, "Hydro One"), has priced an additional offering of $100 million aggregate principal amount of its 4.85% Medium Term Notes, Series 58, due 2054 (the "Notes"). The additional Notes will be issued at a price of $104.864 plus accrued interest. The net proceeds from the issuance of the additional Notes (excluding any accrued interest paid to Hydro One Inc. in connection with the re-o

Dec 07, 2023 19:43 ET

Golden Horse Provides Exploration and Corporate Update

Perth, Australia--(Newsfile Corp. - December 7, 2023) - Golden Horse Minerals Limited (TSXV: GHML) ("Golden Horse" or the "Company") is pleased to provide an exploration update relating to our gold and emerging lithium projects along with a corporate summary.

Dec 07, 2023 19:31 ET

Pulse Oil Corp. Announces Rights Offering to raise $4,156,000 and Provides Operations Update

Pulse Oil Corp. (the “Company” or “Pulse”) (TSXV: PUL) announced that it is offering rights (the “Rights Offering”) to holders of its common shares (“Common Shares”) of record at the close of business on December 15, 2023 (the “Record Date”)....

Dec 07, 2023 19:31 ET

FILAMENT HEALTH FILES AMENDED PRO FORMA FINANCIAL STATEMENTS

VANCOUVER, BC, Dec. 7, 2023 /CNW/ - Filament Health Corp. (OTCQB: FLHLF) (NEO: FH) (FSE: 7QS) ("Filament" or the "Company"), a clinical‐stage natural psychedelic drug development company, announces that, further to its press release dated December 6, 2023 (the "Previous Press Release"), the Company has filed amended pro forma financial statements (the "Amended Pro Forma Financials"). The Amended Pro Forma Financials replace the previously filed pro forma financial statements referenced in the Previous Press Release, which contained an error resulting in certain subscription proceeds being do

Dec 07, 2023 19:27 ET

Stonegate Capital Partners Updates Coverage on Grounded Lithium Corp. Q3 2023 (GRD) (GRDAF)

Dallas, Texas--(Newsfile Corp. - December 7, 2023) - Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF): Stonegate Capital Partners updates their coverage on Grounded Lithium Corp.

Dec 07, 2023 19:00 ET

PJX Resources Announces Amendment to Recently Completed Non-Brokered Private Placement

TORONTO, ON / ACCESSWIRE / December 7, 2023 / PJX Resources Inc. announced on November 22, 2023, that it had closed a non-brokered private placement and, subject to TSXV Exchange approval, Finders' fees of $30,337.20 cash and 291,709 Finders' Warrants would be paid in relation to the completion of the Offering. The TSXV Exchange has since approved the amount be amended to total Finders' Fees of $39,331.20 cash and 385,309 Finders' Warrants respectively. All other details of the private placement are unchanged.

Dec 07, 2023 18:55 ET

Pampa Metals Mobilizes Follow-Up Diamond Drill Testing of the Piuquenes Porphyry Copper-Gold Project

VANCOUVER, BC / ACCESSWIRE / December 7, 2023 / Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM)(FSE:FIR)(OTCQB:PMMCF) is pleased to advise that it has formally contracted Eco Minera S.A, an Argentinean drilling company with over 20 years' experience operating in the San Juan province, to complete a ~2,500m diamond drill program designed to test the depth and lateral extension of known mineralization at Piuquenes.

Dec 07, 2023 18:44 ET

Stratabound Acquires 100% Ownership of Golden Culvert Property and Investigates New Reduced Intrusion-Related Gold Systems, Tombstone Gold Belt, Yukon Territory

Toronto, Ontario--(Newsfile Corp. - December 7, 2023) - Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) ("Stratabound" or the "Company") is pleased to announce it has completed all option agreement commitments and has now acquired an undivided 100% mineral rights interest in the Golden Culvert and the adjacent Little Hyland (collectively "Golden Culvert") gold properties, Tombstone Gold Belt, Yukon Territory.

Dec 07, 2023 18:44 ET

SURGE ENERGY INC. ANNOUNCES 2024 CAPITAL AND OPERATING BUDGET; RELEASE OF ANNUAL SUSTAINABILITY REPORT; APPOINTMENT OF VICE PRESIDENTS

CALGARY, AB, Dec. 7, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its 2024 capital and operating budget as approved by the Company's Board of Directors, the release of the Company's third annual sustainability report, as well as the appointment of two Vice Presidents.

Dec 07, 2023 18:16 ET

ThreeD Capital Inc. Announces Unaudited November 30, 2023 Net Asset Value Per Share - $0.86

ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at November...

Dec 07, 2023 18:13 ET

Dream Industrial Real Estate Investment Trust Announces Offering of an Additional C$200 Million Senior Unsecured Debentures, Series F

The Series F Debentures are being offered on an agency basis by a syndicate of agents led by TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc., and including CIBC World Markets Inc. and Desjardins Securities Inc. The Series F Debentures are being offered on a private placement basis in each of the provinces of Canada in reliance upon exemptions from the prospectus requirements under applicable securities legislation.

Dec 07, 2023 18:10 ET

Cloud DX Announces Amendments to Private Placement of Secured Convertible Debentures, $2.5 Million Private Placement of Convertible Debenture Units, and Debt Settlement Agreement

KITCHENER, ON / ACCESSWIRE / December 7, 2023 / Cloud DX Inc. ("Cloud DX" or the "Company") (TSXV:CDX)(OTCQX:CDXFF), announces that it expects to exchange $3,546,000 of principal amount of 18% secured convertible debentures (the "Initial Debentures") issued on September 8, 2023 (the "September Financing"), pursuant to a debenture indenture (the "Initial Debenture Indenture") among the Company and Odyssey Trust Company (the "Trustee

Dec 07, 2023 18:00 ET

Euro Manganese Confirms Fourth Fiscal Quarter and Year-End 2023 Release Date and Conference Call Details

Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company") will file its Fourth Fiscal Quarter and Year-End 2023 financial reports after TSX.V market close on Thursday, December 14, 2023 (prior to ASX market open on...

Dec 07, 2023 17:35 ET

Noble Mineral Announces Closing of First Tranche of its Non-Brokered Private Placement

Toronto, Ontario - TheNewswire - December 7, 2023 - Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB) (FRANKFURT:NB7) (OTC:NLPXF) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the “Private Placement”). (Please see Noble’s news release of November 24, 2023.) At this first tranche closing, Noble raised gross proceeds of $112,500 (before fees and expenses) through the issuance of 1,500,000 flow-through common share units (“FT Units”) priced at $0.075 per unit. Each FT Unit is comprised of one common share

Dec 07, 2023 17:30 ET

Edison Lithium Enters into Arrangement Agreement for the Spin Out of Cobalt Assets

Vancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that further to its news releases dated March 28, 2023, July 13, 2023, and November 28, 2023, it has entered into an arrangement agreement dated December 6, 2023 (the "Arrangement Agreement") with its wholly-owned subsidiary, Edison Cobalt Corp. ("SpinCo"), pursuant to which, among other things, a distribution of the common shares of SpinCo will take place with the result that the shareholders of the Company will (other than any dissenting shareholders) also become shareholders of SpinCo by way of a statutory plan of arrangement pursuant to the Business Corporations Act (British Columbia) (the "Arrangement").

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