Edison Lithium Announces Regulatory Approval to Complete Proposed Spin-Out of Cobalt Assets
Edison Lithium Announces Regulatory Approval to Complete Proposed Spin-Out of Cobalt Assets
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2023) - Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce it has received conditional approval from the TSX Venture Exchange (the "Exchange") for the proposed plan of arrangement and spin-out of its cobalt assets in northeastern Ontario, referred to as the Kittson Cobalt Property (the "Spin-Out").
不列颠哥伦比亚省温哥华--(新闻文件公司-2023 年 11 月 28 日)- 爱迪生锂业公司 (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) (”爱迪生“或者”公司“)很高兴地宣布,它已获得多伦多证券交易所风险交易所的有条件批准(”交换“)用于其在安大略省东北部的钴资产的拟议安排和分拆计划,该资产被称为基特森钴业地产(”Spin-Out“)。
The Spin-Out will be achieved pursuant to an arrangement agreement (the "Arrangement Agreement") to be executed between the Company and Edison Cobalt Corp. ("SpinCo"), a wholly owned subsidiary of the Company. Subject to the terms of the Arrangement Agreement, approval of shareholders at a meeting of Edison shareholders, approval of the British Columbia Supreme Court, and final acceptance of the Exchange, the Company will spin out SpinCo to its shareholders and the Company's Kittson-Cobalt Property will be transferred to SpinCo in exchange for shares in the capital of SpinCo ("Spinco Shares"). The SpinCo Shares will be distributed to the Company's shareholders on a pro-rata one-for-one share basis. The transaction will be completed by way of statutory plan of arrangement provisions of the Business Corporations Act (British Columbia) (the "Transaction").
分拆将根据安排协议实现(”安排协议“) 将在公司和爱迪生钴业公司之间执行(”SpinCo“),公司的全资子公司。根据安排协议的条款、爱迪生股东大会的股东批准、不列颠哥伦比亚省最高法院的批准以及交易所的最终认可,公司将把SpinCo分拆给其股东,公司的Kittson-Cobalt财产将转让给SpinCo,以换取SpinCo资本中的股份(”Spinco 股票“)。SpinCo的股票将按比例一比一分配给公司的股东。该交易将通过法定安排计划条款完成 《商业公司法》 (不列颠哥伦比亚省)(”交易“)。
There will be no change in Edison shareholders' holdings in the Company as a result of the Spin-Out and, if the Spin-Out is completed, shareholders will own shares in both companies, Edison and SpinCo. The Company expects the Spin-Out will increase shareholder value by allowing capital markets to ascribe value to the Kittson Cobalt Property independent of the Company's lithium properties.
分拆后,爱迪生股东持有的公司不会发生变化,如果分拆完成,股东将拥有爱迪生和SpinCo这两家公司的股份。该公司预计,分拆将允许资本市场独立于公司的锂资产赋予基特森钴地产的价值,从而增加股东价值。
In connection with the Transaction, the Company intends to seek a listing of the SpinCo Shares on the Exchange, however no assurance can be provided that such a listing will be obtained. Listing will be subject to SpinCo fulfilling all of the requirements of the Exchange.
在本次交易中,该公司打算寻求SpinCo股票在联交所上市,但无法保证会获得此类上市。上市将以SpinCo满足联交所的所有要求为前提。
SpinCo intends to undertake a private placement financing in order to raise gross proceeds of up to $1,500,000 (the "Private Placement") at a price of $0.05 per security with terms to be determined at a later dated based on prevailing market conditions.
SpinCo打算进行私募融资,以筹集高达150万美元的总收益(”私募配售“)每只证券的价格为0.05美元,条款将在以后根据当前市场状况确定。
Nathan Rotstein, Edison's CEO, commented, "We are pleased with this news which advances the process of our being able to provide two "pure play" vehicles in the important battery metals space."
爱迪生首席执行官内森·罗茨坦(Nathan Rotstein)评论说:“我们对这一消息感到高兴,它推动了我们能够在重要的电池金属领域提供两辆 “纯粹的游戏” 车辆的进程。”
Further details of the Spin-Out, Private Placement and timing of the meeting of Edison Shareholders will be announced in a subsequent news release.
分拆、私募和爱迪生股东会议时间安排的更多细节将在随后的新闻稿中公布。
About Edison Lithium Corp.
关于爱迪生锂业公司
Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, and other energy metal properties. The Company's acquisition strategy is based on acquiring affordable, cost-effective, and highly regarded mineral properties in areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical materials to the battery industry and intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metals space.
Edison Lithium Corp. 是一家总部位于加拿大的初级矿业勘探公司,专注于钴、锂和其他能源金属特性的采购、勘探和开发。该公司的收购战略的基础是在具有成熟地质潜力的地区收购价格合理、具有成本效益且备受推崇的矿产。爱迪生正在建立能够为电池行业提供关键材料的优质资产组合,并打算利用电池金属领域重新出现的兴趣,让其股东受益。
On behalf of the Board of Directors:
代表董事会:
"Nathan Rotstein"
Nathan Rotstein
Chief Executive Officer and Director
“内森·罗特斯坦”
内森·罗特斯坦
首席执行官兼董事
For more information please contact:
欲了解更多信息,请联系:
Tel: 416-526-3217
Email: info@edisonlithium.com
Website:
电话:416-526-3217
电子邮件:info@edisonlithium.com
网站:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Forward-Looking Disclaimer: This news release contains certain forward-looking statements. Statements that are not historical facts, including statements about Edison's beliefs and expectations, are forward- looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "will be", "expect", "anticipate", "target", "aim", "estimate", "intend", "plan", "believe", "potential", "continue", "proposes", "contemplates", "is/are likely to" or other similar expressions. All information provided in this news release is as of the date of this news, and the Company undertakes no duty to update such information, except as required under applicable law.
前瞻性免责声明: 本新闻稿包含某些前瞻性陈述。非历史事实的陈述,包括有关爱迪生信念和期望的陈述,都是前瞻性陈述。前瞻性陈述涉及固有的风险和不确定性,许多因素可能导致实际结果与任何前瞻性陈述中包含的结果存在重大差异。在某些情况下,前瞻性陈述可以通过诸如 “可能”、“将”、“将”、“期望”、“预期”、“目标”、“目标”、“估计”、“打算”、“计划”、“相信”、“潜在”、“继续”、“提议”、“考虑”、“是/很可能” 等词语或短语来识别。本新闻稿中提供的所有信息均截至本新闻发布之日,除非适用法律要求,否则公司没有义务更新此类信息。
Forward-looking statements in this press release relate to, among other things: completion of the proposed Spin-Out, distribution of SpinCo Shares to Edison shareholders, no changes occurring to Edison shareholders' holdings, the receipt of required shareholder, court, stock exchange and regulatory approvals for the Spin-Out, listing of the SpinCo Shares on the Exchange, increases to shareholder value as a result of the Spin-Out, the new entity presenting compelling opportunity for further investment in the heated battery metals space, the timing of the Spin-Out transaction, and the timing of additional details concerning the Spin-Out, the timing of a meeting of Edison shareholders, and the terms and timing for completion of the Private Placement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: finalization of terms for the proposed Spin-Out, receipt of all required shareholder, court, stock exchange and regulatory approvals for the Spin-Out; changes in the value of the Kittson Cobalt Property; fluctuations in the securities markets, commodity pricing and the market price of the Company's common shares and Exchange approval for listing of the SpinCo Shares. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
本新闻稿中的前瞻性陈述涉及:拟议分拆的完成、向爱迪生股东分配SpinCo股份、爱迪生股东持股未发生变化、获得分拆所需的股东、法院、证券交易所和监管部门的批准、SpinCo股票在交易所上市、分拆导致股东价值增加,新实体为进一步投资提供了绝佳的机会加热的电池金属空间,分拆的时机交易,以及有关分拆的更多细节的时间安排、爱迪生股东会议的时间以及完成私募的条款和时机。未来的实际结果可能存在重大差异。无法保证此类陈述会被证明是准确的,实际结果和未来事件可能与此类陈述中的预期存在重大差异。前瞻性陈述反映了管理层在陈述发表之日的信念、观点和预测,并基于许多假设和估计,尽管各方认为这些假设和估计是合理的,但本质上会受到重大的业务、经济、竞争、政治和社会不确定性和突发事件的影响。许多因素,包括已知和未知的因素,都可能导致实际结果、业绩或成就与此类前瞻性陈述中或可能明示或暗示的结果、业绩或成就存在重大差异,并且各方已根据其中许多因素或与之相关的假设和估计。这些因素包括但不限于:最终确定拟议分拆的条款,获得分拆所需的所有股东、法院、证券交易所和监管部门的批准;Kittson Cobalt房地产价值的变化;证券市场、大宗商品定价和公司普通股市场价格的波动,以及SpinCo股票上市的交易所批准。读者不应过分依赖本新闻稿中有关这些内容的前瞻性陈述和信息。除非法律要求,否则除非法律要求,否则公司不承担任何义务在信念、观点、预测或其他因素的前瞻性陈述发生变化时对其进行更新。
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