Business
NRG Metals Announces Results of Annual General and Special Meeting and Creation of a New Control Person
VANCOUVER, British Columbia, January 5, 2018 /PRNewswire/ -- NRG Metals Inc. ("NRG" or the "Company") (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN), announces t
About this update from Lithium South Development Corporation
[{"type":"text","content":"VANCOUVER, British Columbia, January 5, 2018 /PRNewswire/ -- NRG Metals Inc. (\"NRG\" or the \"Company\") (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN), announces that it had held its Annual General and Special Meeting on December 22, 2017. All motions received shareholder approval. Board of Directors Appointments The Company is pleased to announce the appointment of Ms. Alison Dai to its Board of Directors. Ms. Dai is the Business Development and Director of Chengdu Chemphys Chemical Industry Co. Ltd. (\"Chemphys\"), a specialist producer of high purity lithium products. In addition, Mr. Christopher P. Cherry has been re-appointed to the Board of Directors, and will continue to serve as Chief Financial Officer. Strategic Alliance with Chemphys and Creation of a New Control Person As announced on November 16, 2017, the Company completed various agreements to give effect to its strategic alliance with Chemphys to advance the exploration and development of the Company's Hombre Muerto North Lithium Project (the \"HMN Project\") located in the Salta and Catamarca Provinces area where most of the lithium production occurs in Argentina. Included with the strategic alliance is an off-take agreement for any future lithium produced by the Company at the HMN Project. In connection with the above, the disinterested shareholders of the Company have approved the creation of a new control person as defined under the B.C. Securities Act. Chemphys, by way of its placee, Latam Resources Pty Limited, will become a control person of the Company, upon completion of a second tranche of a private placement, which is expected to be completed in coming weeks pending the approval of the TSX Venture Exchange. Company President Adrian F.C. Hobkirk is quoted, \"We are very pleased to have obtained the support of our shareholders in regards to our business plan for the exploration and development of lithium projects in Argentina. We welcome Ms. Dai to the board of the Company, and look forward to working closely with Chemphys to quickly advance the development of the Company.\" About the Company NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. It is currently drilling the 29,000 hectare Salar Escondido Lithium Project, with recent results of 227 ppm Li confirming lithium at the top of the tar...