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Voltaic Minerals Corp. Receives Conditional TSXV Acceptance for Binding Letter of Intent with 1146915 B.C. Ltd.
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[{"type":"text","content":"Voltaic Minerals Corp. Receives Conditional TSXV Acceptance for Binding Letter of Intent with 1146915 B.C. Ltd.Not for Distribution to U.S. News Wire Services or for Dissemination in the United States. VANCOUVER, BC / ACCESSWIRE / June 14, 2019 / Voltaic Minerals Corp. (TSX.V:VLT) (the \"Corporation\" or \"Voltaic\") is pleased to announce that it has received TSX Venture Exchange conditional acceptance for the binding Letter of Intent (\"LOI\") dated April 17, 2019 with 1146915 B.C. Ltd. (\"PrivCo\"), as first announced on April 22, 2019. Pursuant to the terms of the LOI, Voltaic and PrivCo will enter into a definitive Share Exchange Agreement (the \"Definitive Agreement\") whereby all outstanding securities of PrivCo will be exchanged for securities of Voltaic (the \"Transaction\"). The Transaction is an arm's length acquisition.On completion of the Transaction the Corporation will carry on with the development of PrivCo's lithium assets of eight claims (the \"Claims\"), which combined with the claims previously acquired by Voltaic from PricVo cover approximately 27,477 ha in Argentina.Stock Trading to Resume June 17, 2019Trading of Voltaic's stock has been halted since the Transaction was announced in late April, 2019. Trading in Voltaic's stock on the TSX Venture Exchange will re-commence on Monday, June 17, 2019 at market open. Shareholders and potential buyers of Voltaic stock should be aware that the Transaction has not closed, no definitive agreement has yet been signed and there are a number of legal, business and regulatory conditions that must be completed before the Transaction can be assured to close, including that Voltaic will have to raise financing in order to complete its obligations. There is no guarantee that all these conditions will be met.Completion of the Transaction is subject to a number of conditions, including TSXV acceptance. The Transaction cannot close until the required approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all.The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.ON BEHALF OF THE BOARD OF VOLTAIC MINERALS CORP.(Signed) \"Darryl Jones\"Darryl Jones President, CEO and Director Tel: 604.343.2723 [email protected]...