Business
Lithium Chile Provides Update on Corporate Actions
(TheNewswire) CALGARY, ALBERTA – TheNewswire - September...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Provides Update on Corporate Actions\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 \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire -\n \n \n September 25,\n2023 –\n \n \n Lithium Chile Inc.\n \n \n (“\n \n \n Lithium\nChile\n \n \n ” or the “\n \n \n Company\n \n \n ”) is\npleased to provide an update on its corporate actions.\n \n \n \n \n On March 9, 2023, Lithium Chile confirmed in a news\nrelease that it had received an\n \n \n expression of\ninterest for the potential acquisition of certain Lithium Chile\nassets. Not only have those discussions progressed, but the Company\nhas received additional interest from other unrelated third parties.\nAs a result, Lithium Chile has now retained PI Financial Corp.\n(“\n \n \n PI Financial\n \n \n ”) as its corporate financial advisor to assist in\nevaluating various options on behalf of the Board of the Company and\nits shareholders.\n \n \n \n \n Lithium Chile remains focussed on its growth strategy\n \n \n which includes the valuation of key properties\nand expressions of interest therein. The advancement of the\nCompany’s Salar de Arizaro project and subsequent robust Preliminary\nEconomic Assessment (“\n \n \n PEA\n \n \n ”) has generated various opportunities\nfor Lithium Chile.\n \n \n \n \n Steve Cochrane, President and CEO:\n \n \n \"We are flattered but not surprised\nto have received so much interest in our assets as they are among the\nbest lithium salars in South America. PI Financials appointment will\nhelp us to deliver maximum value for our\nshareholders.\"\n \n \n \n \n The Company cautions that there are no assurances that\nthe evaluation of potential options to maximize shareholder value will\nresult in the approval or completion of any specific transaction or\noutcome. The Company does not intend to comment further unless and\nuntil the Board of Directors approves a specific transaction,\nconcludes its review, or determines that further disclosure is\nappropriate or required.\n \n \n \n \n ABOUT PI FINANCIAL:\n \n \n \n \n Established in 1982, PI Financial is a leading,\nfull-service, independent investment dealer, providing a full range of\ninvestment products and services to corporate and insti...