NEO LITHIUM CORP. ("NLC")
BULLETIN TYPE: -Plan of Arrangement, Delist, Private Placement-Non-Brokered
BULLETIN DATE: January 28, 2022
TSX Venture Tier 1 Company
Plan of Arrangement:
TSX Venture Exchange has accepted for filing a plan of arrangement (the "Arrangement") between Zijin Mining Group Co., Ltd. (the "Parent"), 2872122 Ontario Limited (the "Purchaser") and Neo Lithium Corp. (the "Company"). Pursuant to the Arrangement, the Purchaser purchased 100% of the common shares of the Company in exchange for $6.50 in cash for each common share.
Delist:
As a result of the Arrangement, the Company will be delisted at the close of business on Monday, January 31, 2022.
The full particulars of the Transaction are set forth in the Company's Management Information Circular, dated November 8, 2021, which is available under the Company's profile on SEDAR. For further information please refer to the company's news release dated January 26, 2022.
Private Placement:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 26, 2022:
Number of Shares: 6,275,500 common shares
Purchase Price: $6.50 per common share
Number of Placees: 1 placee
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement.
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