LITH:CC - Lithium Chile Provides AGM Update and Announces Special Shareholders' Meeting
(TheNewswire)
CALGARY, ALBERTA – TheNewswire - June 17, 2024– Lithium Chile Inc. (“ LithiumChile ” or the “ Company ”) ( TSXVenture Exchange: LITH; OTC-QB: LTMCF) reminds its shareholders of itsupcoming annual general meeting (the“ AGM ”) to be held on July 10, 2024, at 11:00 AM (MT). WhileAGM materials have been mailed to beneficial shareholders, all AGMmaterial will also be available under the Company’s profile onSEDAR+ at www.sedarplus.ca or the Company’s website at https://lithiumchile.ca/Investor/AGM-2024 on June 19 th , 2024.
Following the formal portion of the AGM, managementwill provide an update on the transfer of its Chilean lithiumproperties to Lithium Chile 2.0 Inc. and its Chileancopper/gold/silver properties to Kairos Gold Corp. These transfers aredesigned to enable Lithium Chile to pursue a transaction on itsArgentinian assets, in alignment with the ongoing strategic processled by PI Financial Corp. (see Lithium Chile news releases datedFebruary 14, 2024, and April 18, 2024).
Lithium Chile has been informed that the PrefeasibilityStudy (the " PFS ") will be ready for initial reviewbefore the end of June 2024. While the results have not yet beenfinalized, there may be significant revisions to resource volumes,resource classifications, and project valuation as a result of thePFS.
Management of Lithium Chile is committed to ensuringthat shareholders have all pertinent information before voting on thespin-out resolutions. Therefore, a Special Meeting has been scheduledfor August 28, 2024 (the " Special Meeting ") to allow shareholdersto vote on the resolution approving the distribution of shares ofLithium Chile 2.0 Inc. and Kairos Gold Corp. to Lithium Chile’sshareholders.
Details regarding the Special Meeting, including how toaccess meeting materials and participate in the voting process, willbe provided to shareholders at a later date.
ABOUT LITHIUM CHILE:
Lithium Chile is an exploration and lithium resourcecompany with a lithium property portfolio consisting of 111,978 hectares in Chile and 29,245 hectares in Argentina. TheCompany has filed a NI 43-101 Report and Preliminary EconomicAssessment on its Arizaro project in Argentina and expects to finalizethe next step – a prefeasibility study – before the end of June.
Lithium Chile also owns 5 properties in Chile totaling22,629 hectares that are prospective for gold, silver andcopper.
On September 21, 2023, Lithium Chile announced thehiring of PI Financial Corp. as its financial advisor to seekstrategic alternatives. That process is underway as the Companycontinues to enhance the underlying value of its assets includingcompletion of the PFS and the related resource volumes, resourceclassifications and valuation parameters associated therewith.
Lithium Chile’s common shares are listed on the TSX-Vunder the symbol “LITH” and on the OTC-QB under the symbol“LTMCF”.
To find out more about Lithium Chile, please contactSteven Cochrane, President and CEO via email: steve@lithiumchile.ca orMichelle DeCecco, Vice President and COO via email: michelle@lithiumchile.ca or (587)393-1990.
NEITHER THE TSX VENTURE EXCHANGE NORITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THEPOLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THEADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENTS:
This news release may contain certain forward-lookinginformation and forward-looking statements within the meaning ofapplicable securities legislation (collectively "forward-lookingstatements"), including without limitation the successfulcompletion of the strategic process and certain transactionsassociated therewith.. Generally, forward-looking statements can beidentified by the use of forward-looking terminology such as"expected", "anticipated", "aims to","plans to" or "intends to" or variations of suchwords and phrases or statements that certain actions, events orresults "will" occur. Such forward-looking statements arebased on various assumptions and factors that may prove to beincorrect, including, but not limited to, factors and assumptions withrespect to: the general stability of the economic and politicalenvironment in which the Company operates and the timely receipt ofrequired regulatory approvals if required. You are cautioned thatthe foregoing list of material factors and assumptions is notexhaustive. Although Lithium Chile believes that the assumptions andfactors on which such forward-looking statements are based uponreasonable assumptions, undue reliance should not be placed on theforward-looking statements because Lithium Chile can give no assurancethat they will prove to be correct or that any of the eventsanticipated by such forward-looking statements will transpire oroccur, or if any of them do, what benefits Lithium Chile will derivetherefrom. Lithium Chile does not undertake to update anyforward-looking statements herein, except as required by applicablesecurities laws. All forward-looking statements contained in this newsrelease are expressly qualified by this cautionary statement.
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