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American Lithium Completes Merger with Plateau


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
American Lithium Completes Merger with Plateau
American Lithium Corp.May 11, 2021 GMT
VANCOUVER, British Columbia and TORONTO, May 11, 2021 (GLOBE NEWSWIRE) American Lithium Corp. (“American Lithium” or the “Company”) (TSXV:LI | OTCQB:LIACF | Frankfurt:5LA1) and Plateau Energy Metals Inc. (“Plateau”) (TSXV:PLU | OTCQB:PLUUF) are pleased to announce the completion of the acquisition by American Lithium of all of the issued and outstanding common shares of Plateau (“Plateau Shares”) by way of a statutory plan of arrangement under the provisions of the
Business Corporations Act (Ontario) (the “Arrangement”). The Arrangement became effective as of 12:01 a.m. (Toronto time) on May 11, 2021 (the “Effective Time”), resulting in Plateau becoming a wholly-owned subsidiary of American Lithium. ....

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Plateau Energy Metals Securityholders Approve Arrangement with American Lithium


Plateau” or the “
Securityholders”) have approved the plan of arrangement (“
Arrangement”) with American Lithium Corp. (“
American Lithium”) announced on February 9, 2021.
The Arrangement was approved by:
99.809% of the votes cast by Plateau shareholders; and
99.827% of the votes cast by Plateau Securityholders, voting together as a single class.
In addition, the Arrangement was approved by a simple majority of the votes cast by Securityholders, excluding the votes cast in respect of the Plateau common shares held by certain related parties (as defined by Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special Transactions)
.
This year, in light of the ongoing COVID-19 pandemic, the special meeting of Securityholders (the “ ....

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