ARENA MINERALS INC. ("AN")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: April 20, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with a plan of arrangement (the "Arrangement") pursuant to an arrangement agreement dated December 19, 2022, as amended February 27, 2023 (the "Arrangement Agreement") between Arena Minerals Inc. ("Arena") and Lithium Americas Corp. ("LAC"). Pursuant to the terms of the Arrangement Agreement, LAC acquired all of the issued and outstanding shares, of Arena for consideration of 0.0226 of a LAC common share and $0.0001 in cash for each Arena share held.
The Exchange has been advised that approval of the Arrangement by shareholders of Arena was received at a meeting of the shareholders held on April 6, 2023 and that approval of the Arrangement was received from the Ontario Superior Court of Justice (Commercial List) on April 12, 2023. The full particulars of the Arrangement are set forth in the Management Information Circular of Arena dated March 6, 2023, which is available under Arena's profile on SEDAR.
Arena and LAC closed the Arrangement on April 20, 2023.
Delisting:
In conjunction with the closing of the Arrangement, Arena has requested that its common shares be delisted. Accordingly, effective at the close of business, Friday, April 21, 2023, the common shares of Arena will be delisted from the Exchange.
Insider / Pro Group Participation: None
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