Business
Lithium South Announces Pay Out of Common Shares and Closing of Plan of Arrangement
VANCOUVER, BC / ACCESS Newswire / May 11, 2026 / Lithium South Development Corporation (the ...
About this update from Lithium South Development Corporation
[{"type":"text","content":"Lithium South Announces Pay Out of Common Shares and Closing of Plan of ArrangementVANCOUVER, BC / ACCESS Newswire / May 11, 2026 / Lithium South Development Corporation (the \"Company\" or \"Lithium South\") (TSX-V:LIS)(OTCQB:LISMF)(Frankfurt:OGPQ) is pleased to announce that funds have been received from Posco Argentina S.A.U. and the effective date of May 15, 2026 has been set for the cash payout of CAD$0.505 per common share by the Company to the Company's shareholders. The Company will be completing the Plan of Arrangement on May 15, 2026, subject to the final approval of the TSXV Venture Exchange (the \"Exchange\").Registered Shareholders are the only shareholders required to complete and return a letter of transmittal (the \"Letter of Transmittal\") to the Company's transfer agent, Computershare Investor Services Inc., in order to receive the cash consideration for their common shares pursuant to the Plan of Arrangement. The Letter of Transmittal may be found at the Company website: www.lithiumsouth.com/investors/All other shareholders will receive the cash consideration through the intermediary with which their shares are held (brokerage or bank).In addition, the Company has applied to the Exchange to delist its common shares from trading and immediately prior to receiving the Exchange bulletin, the Company will arrange to concurrently delist from the OTCQB market and will make an application to cease being a reporting issuer. Dates will be finalized shortly.On behalf of the Board of DirectorsAdrian F. C. HobkirkPresident and Chief Executive OfficerInvestors / Shareholders call 855-415-8100 / website: www.lithiumsouth.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.Disclaimer for Forward-Looking InformationThis press release contains forward-looking information within the meaning of Canadian securities laws (\"forward-looking statements\"). Forward-looking statements are typically identified by words such as \"believe,\" \"expect,\" \"anticipate,\" \"intend,\" \"es...