American Lithium Corp. a leader in the acquisition, exploration and development of lithium projects, announces that it has completed a non-brokered private placement of 7,518,750 units at a price of $2.00 per Unit for gross proceeds of $15,037,500. Each Unit consists of one common share and one-half of one common share purchase warrant . Each Warrant will entitle the holder to purchase one additional common share in .
WEF ) and Osum Oil Sands Corp. (
Osum ) are pleased to announce that a special meeting of shareholders (the
Meeting ) of Osum was held earlier today to approve the amalgamation (the
Amalgamation ) of Osum and WEF Osum Acquisition Corp. (
WOAC ), an entity wholly-owned by WEF. Osum shareholders overwhelmingly voted to approve the Amalgamation, with 97.7% of votes cast by Osum shareholders represented at the Meeting (holding 89.8% of all issued and outstanding Osum Shares) voting in favour of the Amalgamation. The Amalgamation received minority approval in accordance with Multilateral Instrument 61-101. The Amalgamation was completed following the Meeting. The amalgamated entity is now wholly-owned by WEF and will continue on business under the name Osum Oil Sands Corp. .
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American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (â
American Lithiumâ or the â
Companyâ), a leader in the acquisition, exploration and development of lithium projects, announces that it has completed a non-brokered private placement of 7,518,750 units (each, a â
Unitâ) at a price of $2.00 per Unit for gross proceeds of $15,037,500.Â
Each Unit consists of one common share and one-half of one common share purchase warrant (each whole warrant a â
Warrantâ). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a â
Warrant Shareâ) at a price of $3.00 per Warrant Share until April 29, 2024.
Proceeds of the placement will be used to continue development of the Companyâs wholly owned TLC project in Nevada and for general working capital purposes. Subject to completion of the acquisition of Plateau Energy Metals Inc., which is expected to close within the n
Waterous Energy Fund announces the final step of its acquisition of Osum Oil Sands Corp; shareholder meeting to be held April 30, 2021 to approve the transaction
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WEF ) and Osum Oil Sands Corp. (
Osum ) announce today that Osum has entered into an amalgamation agreement with WEF Osum Acquisition Corp. (
WOAC ) under which Osum will amalgamate with WOAC, with the amalgamated entity (
Amalco ) becoming an entity wholly-owned by WEF (the
Amalgamation ). Osum s board has called a meeting of holders (
Osum Shareholders ) of common shares of Osum (
Osum Shares ) to consider the proposed Amalgamation.
This Amalgamation has previously been disclosed to Osum Shareholders in WEF s take-over bid for up to 57,000,000 Osum Shares (the