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As Part of the Strategic Process, Lithium Chile Creates Two 100% Wholly Owned Subsidiaries for its Chilean Gold and Lithium Properties
(TheNewswire) CALGARY, ALBERTA – TheNewswire - April 18, 2024 ȁ...
About this update from Lithium Chile Inc
[{"type":"text","content":"As Part of the Strategic Process, Lithium Chile Creates Two 100% Wholly Owned Subsidiaries for its Chilean Gold and Lithium Properties\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire -\n \n \n April 18, 2024 –\n \n \n Lithium Chile Inc.\n \n \n (“\n \n \n Lithium Chile\n \n \n ” or\nthe “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:LITH) (OTC:LTMCF)\n \n \n announces the creation of two, 100% wholly owned\nCanadian subsidiaries and the transfer of Chilean projects as part of\nits spinout proposal (the “\n \n \n Spinout”\n \n \n )\n \n \n aimed at\nsegregating its Chilean and Argentinian assets.\n \n \n \n \n Guided by the strategic process undertaken by PI\nFinancial Corp.\n \n \n (news release of February 15,\n2024)\n \n \n , the Spinout is designed to allow Lithium\nChile to pursue a transaction pertaining to its assets for both\nacquisition and capital opportunities\n \n \n in\nArgentina. Through this deliberate approach, the Spinout initiative\nunderscores Lithium Chile's commitment to delivering shareholder value\nand leveraging strategic opportunities in pursuit of its long-term\nobjectives.\n \n \n \n \n HIGHLIGHTS:\n \n \n \n \n \n \n 22,629 hectares of Chilean gold properties are to be\ntransferred to Kairos Gold Inc. (\n \n \n Kairos\n \n \n ”)\n \n \n \n \n \n \n 111,978 hectares of Chilean lithium properties are to\nbe transferred to Lithium Chile 2.0 Inc. (\n \n \n Lith 2.0\n \n \n ”)\n \n \n \n \n \n \n Steve Cochrane, President & CEO comments,\n“\n \n \n We believe this is the\nbest course of action to pursue the development of our Chilean\nprojects while creating a restriction-free path to enhance value for\nshareholders via our Argentina assets\n \n \n .”\n \n \n \n \n CHILEAN GOLD PROPERTIES\nHIGHLIGHTS:\n \n \n \n \n Lithium Chile possesses a robust portfolio of gold\nproperties in Chile, encompassing five strategically located projects\ntotaling over 22,000 hectares. Among these assets, one project is Las\nGarillas, distinguished by its promising geological features and\nexploration potential.\n \n \n \n \n Las Garillas\n \n \n :\n \n \n \n \n \n \n A property that consists of 9 exploration concessions\nand 1 exploitation ...