LITHION ENERGY CORP. ("LNC") ("LNC.S")
[formerly Barisan Gold Corporation ("BG.S")]
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered, Name Change and Consolidation
BULLETIN DATE: May 1, 2017
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement:
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation pertaining to a property purchase agreement dated July 15, 2016 (the "Agreement"), among Barisan Gold Corporation (now Lithion Energy Corp., the "Company"), DG Resources Management Ltd. and Arizona Lithium Company Limited (together, the "Vendors"). Pursuant to the Agreement, the Company acquired 100% interests in the Railroad Valley property, Nevada and the Black Canyon property, Arizona (collectively, the "Properties").
Consideration for the Properties is $100,000 ($25,000 of which has been paid) and 4,133,723 (post-consolidation) shares of the Company.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated July 18, 2017 and April 28, 2017.
Private Placement-Non-Brokered:
The Exchange has also accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 8, 2016 and March 21, 2016:
Number of Shares: 7,500,000 post-consolidated shares
Purchase Price: $0.10 per post-consolidated share
Warrants: 7,500,000 share purchase warrants to purchase 7,500,000 post-consolidated shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 12 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 500,000
[1 Placee]
Finder's Fee: Leede Jones Gable Inc. will receive a finder's fee of $800.00.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
Name Change and Consolidation:
Pursuant to a resolution passed by shareholders November 14, 2017, the Company has consolidated its capital on a 5 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening May 2, 2017, the common shares of Lithion Energy Corp. will commence trading on TSX Venture Exchange, and the common shares of Barisan Gold Corporation will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
Post - Consolidation
Capitalization: Unlimited shares with no par value of which
28,175,234 shares are issued and outstanding
Escrow: Nil
Transfer Agent: Computershare Investor Services Inc.
Trading Symbols: LNC, LNC.S (new)
CUSIP Numbers: 53679Q101 (new)
53679Q200 (new - Common Regulated D Restricted)
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