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Argentina Lithium Announces US$90 Million Investment by Stellantis in ARS$ Equivalent
Argentina Lithium Announces US$90 Million Investment by Stellantis in ARS$ Equivalent C...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"\n \n \n \n Argentina Lithium Announces US$90 Million Investment by Stellantis in ARS$ Equivalent\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSX Venture Exchange (TSX-V):\n \n LIT\n \n \n Frankfurt Stock Exchange (FSE):\n \n OAY3\n \n \n OTCQB Venture Market (OTC):\n \n PNXLF\n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Sept. 27, 2023\n \n \n /CNW/ -\n \n Argentina Lithium & Energy Corp.\n \n (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF)\n \n , (\"Argentina Lithium\" or the \"Company\")\n \n is pleased to announce that it has entered into a definitive agreement (the \"\n \n Investment Agreement\n \n \") on\n \n September 26, 2023\n \n , for the ARS$ equivalent of a\n \n US$90 million\n \n \n 1\n \n investment in\n \n Argentina\n \n Litio y Energia S.A. (\"\n \n ALE\n \n \"), by Stellantis (defined below) (the \"Transaction\"), one of the world's leading automakers and mobility providers with iconic brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep\n \n ®\n \n , Lancia, Maserati, Opel, Peugeot, RAM,\n \n Vauxhall\n \n , Free2Move and Leasys.\n \n \n Pursuant to the Transaction, Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V. (\"\n \n Stellantis\n \n \"), has agreed to invest the ARS$ equivalent of\n \n US$90 million\n \n \n 1\n \n in\n \n Argentina\n \n to acquire shares of ALE (the \"\n \n ALE Shares\n \n \"). Further, the Company has granted Stellantis the Exchange Right (as defined below) to exchange all of the ALE Shares for up to 19.9% of the outstanding common shares of Argentina Lithium (on an undiluted basis) (\"\n \n Common Shares\n \n \") in ...