LITH:CC - Lithium Chile Provides Update on Corporate Actions
(TheNewswire)
CALGARY, ALBERTA – TheNewswire - September 25,2023 – Lithium Chile Inc. (“ LithiumChile ” or the “ Company ”) ispleased to provide an update on its corporate actions.
On March 9, 2023, Lithium Chile confirmed in a newsrelease that it had received an expression ofinterest for the potential acquisition of certain Lithium Chileassets. Not only have those discussions progressed, but the Companyhas received additional interest from other unrelated third parties.As a result, Lithium Chile has now retained PI Financial Corp.(“ PI Financial ”) as its corporate financial advisor to assist inevaluating various options on behalf of the Board of the Company andits shareholders.
Lithium Chile remains focussed on its growth strategy which includes the valuation of key propertiesand expressions of interest therein. The advancement of theCompany’s Salar de Arizaro project and subsequent robust PreliminaryEconomic Assessment (“ PEA ”) has generated various opportunitiesfor Lithium Chile.
Steve Cochrane, President and CEO: "We are flattered but not surprisedto have received so much interest in our assets as they are among thebest lithium salars in South America. PI Financials appointment willhelp us to deliver maximum value for ourshareholders."
The Company cautions that there are no assurances thatthe evaluation of potential options to maximize shareholder value willresult in the approval or completion of any specific transaction oroutcome. The Company does not intend to comment further unless anduntil the Board of Directors approves a specific transaction,concludes its review, or determines that further disclosure isappropriate or required.
ABOUT PI FINANCIAL:
Established in 1982, PI Financial is a leading,full-service, independent investment dealer, providing a full range ofinvestment products and services to corporate and institutionalinvestors. PI Financial has been advising and servicing the capitalneeds of the global mining industry for over 30 years with its veryspecialized and focused group of professionals.
ABOUT LITHIUM CHILE:
Lithium Chile is an exploration and lithium resourcecompany with a property portfolio consisting of 111,978 hectares inChile and 20,800 hectares in Argentina. The Company has filed its NI43-101 Report and Preliminary Economic Assessment, which can be viewedon the Company’s profile at SedarPlus.ca
Lithium Chile also owns 4 properties, totaling 21,329hectares, that are prospective for gold, silver and copper.Exploration efforts are continuing on Lithium Chile’s Carmonagold/silver/copper property which lies in the heart of the Chileanmega porphyry gold/ silver/copper belt.
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 emailmichelle@lithiumchile.ca.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE.
This news release may contain certain forward-lookinginformation and forward-looking statements within the meaning ofapplicable securities legislation (collectively "forward-lookingstatements"), including without limitation, whether theevaluation of potential options will lead to the approval orcompletion of any specific transaction or option. Generally,forward-looking statements can be identified using forward-lookingterminology such as "expected", "anticipated","aims to", "plans to" or "intends to" orvariations of such words and phrases or statements that certainactions, events or results "will" occur. Suchforward-looking statements are based on various assumptions andfactors that may prove to be incorrect, including, but not limited to,factors and assumptions with respect to the general stability of theeconomic and political environment in which the Company operates andthe timely receipt of required regulatory approvals. You arecautioned that the foregoing list of material factors and assumptionsis not exhaustive. A description of assumptions used to develop suchforward-looking information and a description of risk factors that maycause actual results to differ materially from forward-lookinginformation can be found in Lithium Chile's disclosure documents onthe SEDAR+ website at www.sedarplus.ca. Although Lithium Chilebelieves that the assumptions and factors on which suchforward-looking statements are based upon reasonable assumptions,undue reliance should not be placed on the forward-looking statementsbecause Lithium Chile can give no assurance that they will prove to becorrect or that any of the events anticipated by such forward-lookingstatements will transpire or occur, or if any of them do, whatbenefits Lithium Chile will derive therefrom. Lithium Chile does notundertake to update any forward-looking statements herein, except asrequired by applicable securities laws. All forward-looking statementscontained in this news release are expressly qualified by thiscautionary statement.
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