DJIFF - Dajin Lithium receives Final Court Order Approval for Plan of Arrangement with HeliosX Corp.
(TheNewswire)
Vancouver, British Columbia – TheNewswire - November 24, 2021 – Dajin LithiumCorp. (“ Dajin ”) (TSXV: DJI ) (OTC: DJIFF )(FSE: C2U1 ) wishes to report that, further to the news release datedNovember 19, 2021, Dajin and HeliosX Corp.(“ HeliosX ”) have now received a Final Order from the Supreme Courtof British Columbia that approved the plan of arrangement (the“ Arrangement ”) among Dajin, HeliosX, ESG Technologies Inc. and HeliosInfrastructure Corp. Dajin has also received conditional approval ofthe Arrangement from the TSX Venture Exchange (“ TSXV ”) and to listthe common shares of the resulting issuer on the TSXV. Final approvalfrom the TSXV is subject to Dajin and HeliosX meeting certain closingconditions required by the TSXV.
The shareholders and directors of HeliosX haveunanimously approved this Arrangement and at Dajin’s Annual General and Special Meeting (the “ Meeting ”) theDajin’s shareholders voted in favour of the Arrangement.The Arrangement received 99.355% approval oftotal securities voted at the Meeting held on November 19,2021.
About Dajin Lithium Corp.
Dajin Lithium Corp. is a Lithium exploration companywith brine-based Lithium exploration projects located in Argentina and Nevada. Dajin has announced exceptionalLithium brine assay results from 25 shallow pits ranging from 281mg/litre to 1,353 mg/litre, averaging 591 mg/litre on the SalinasGrandes salar in Jujuy province, Argentina. Dajin holds a 49% JointVenture interest in 230,000 acres in Jujuy province with LiticaResources S.A., an operating subsidiary ofPluspetrol Resources Corporation, a major international Argentinianoil and gas company.
In Nevada, Dajin holds a 100% interest in 403 placermining claims covering 7,914 acres in the Teels Marsh valley ofMineral County, Nevada. Dajin has acquired the water rights in theTeels Marsh valley and has received all of the necessary permits fordrilling, with engineered access roads and two large drill padsconstructed. Dajin holds an earn-in agreement with Lone MountainResources LLC, an affiliate of Lilac Solutions, Inc., to earn a 75%interest in Dajin’s 100% owned Alkali Lake Lithium project located 7miles from Albemarle’s Silver Peak Lithium brine operation inClayton Valley, Esmeralda County, Nevada. The TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) do not accept any responsibilityfor the adequacy or accuracy of this news release.
About HeliosX Corp.
HeliosX Corp. is a private ESG focused mineralexploration and mining technology company holding 311,900 acres ofLithium brine exploration rights in Alberta, Canada and two high valuemetal extraction Consulting and License agreements. One agreement isfor the application of electrochemistry for a process to recover up to98% of the residual high value metals from refractory mine tailingsand a second agreement is for a patented chemistry technology thatextracts valuable metals from conventional mine concentrates. HeliosXis currently undertaking a feasibility study for a gold concentrateextraction facility in British Columbia.
Further Information
All information contained in this news release withrespect to Dajin or HeliosX was supplied by the respective party, forinclusion herein, without independent review by the other party, andeach party and its directors and officers have relied on the otherparty for any information concerning the other party.
Completion of the Arrangement is subject to a number ofconditions, including but not limited to, TSXV acceptance and ifapplicable pursuant to TSXV requirements, majority of the minorityshareholder approval. There can be no assurance that the Arrangementor the Concurrent Financing will be completed as proposed or atall.
Investors are cautioned that, except as disclosed inthe management information circular of Dajin, any information releasedor received with respect to the Arrangement may not be accurate orcomplete and should not be relied upon. Trading in the securities ofDajin should be considered highly speculative.
The TSXV has not in any way passed upon the merits ofthe proposed Arrangement and has neither approved nor disapproved thecontents of this news release.
This news release does not constitutean offer to sell or a solicitation of an offer to buy any of thesecurities in the United States. The securities have not been and willnot be registered under the United States Securities Act of 1933, asamended (the “U.S. Securities Act”) or any state securities lawsand may not be offered or sold within the United States or to U.S.persons unless registered under the U.S. Securities Act and applicablestate securities laws or an exemption from such registration isavailable.
| For further information: Please contact : |
| Brian Findlay |
| Christopher Brown, P.Eng |
Neither the TSXVnor its Regulation Services Provider (as that term is defined in thepolicies of the TSXV) accepts responsibility for the adequacy oraccuracy of this release.
Notice on Forward Looking Information
Certain statements and informationherein, including all statements that are not historical facts,contain forward-looking statements and forward-looking informationwithin the meaning of applicable securities laws. Such forward-lookingstatements or information include but are not limited to statements orinformation with respect to: the Concurrent Financing, includingamounts anticipated to be raised thereunder, the Escrow ReleaseConditions and the use of net proceeds therefrom; the terms andconditions of the Arrangement, including receipt of TSXV and Dajinshareholder approval; mailing of the Dajin information circular;holding the Dajin shareholder meeting; the details of any securitiesissuances, conversions, exchanges or cancellations; obtaining theinterim order and final order from the Court to approve theArrangement. Often, but not always, forward-looking statements orinformation can be identified by the use of words such as“estimate”, “project”, “belief”, “anticipate”,“intend”, “expect”, “plan”, “predict”, “may” or“should” and the negative of these words or such variationsthereon or comparable terminology are intended to identifyforward-looking statements and information.
With respect to forward-lookingstatements and information contained herein, Dajin has made numerousassumptions including among other things, assumptions about generalbusiness and economic conditions of HeliosX and the market in which itoperates. The foregoing list of assumptions is not exhaustive.
Although management of Dajin andHeliosX believe that the assumptions made and the expectationsrepresented by such statements or information are reasonable, therecan be no assurance that forward-looking statements or informationherein will prove to be accurate. Forward-looking statements andinformation by their nature are based on assumptions and involve knownand unknown risks, uncertainties and other factors which may causeactual results, performance or achievements, or industry results, tobe materially different from any future results, performance orachievements expressed or implied by such forward-looking statementsor information. These factors include, but are not limited to: risksrelating to the completion of the Arrangement; risks relating to thereceipt of all requisite approvals for the Arrangement, including theapproval of Dajin shareholders and the TSXV; risks associated with thebusiness of HeliosX; business and economic conditions in the lithiumindustry generally; changes in commodity prices; changes in interestand currency exchange rates; government action or delays in thereceipt of government approvals, industrial disturbances or other jobaction, and unanticipated events related to health, safety andenvironmental matters); changes in general economic conditions orconditions in the financial markets; changes in laws; risks related tothe direct and indirect impact of COVID-19 including, but not limitedto, its impact on general economic conditions, the ability to obtainfinancing as required; and other risk factors as detailed from time totime. Dajin and HeliosX do not undertake to update any forward-lookinginformation, except in accordance with applicable securitieslaws.
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