Argentina Lithium Applies to Extend Warrants
Argentina Lithium & Energy Corp. (TSXV: LIT, FSE: OAY3, OTCQX: LILIF) has applied to the TSX Venture Exchange to extend the term of 16,630,000 outstanding warrants. These warrants, originally issued in a private placement in August 2022, are set to expire on August 11 and August 25, 2024. The company seeks to extend them to August 11 and August 25, 2027, respectively. The exercise price will remain at $0.38, with each warrant exchangeable for one common share of the company.
Notably, 9,100,000 of these warrants are held by company insiders, constituting a "related party transaction". The company has relied on exemptions from valuation and minority shareholder approval requirements, as the fair market value of insider-held warrants does not exceed 25% of the company's market capitalization. The amendment is subject to TSXV approval.
Argentina Lithium & Energy Corp. (TSXV: LIT, FSE: OAY3, OTCQX: LILIF) ha fatto richiesta alla TSX Venture Exchange per estendere la scadenza di 16.630.000 warrant in circolazione. Questi warrant, originariamente emessi in una collocazione privata ad agosto 2022, scadono l'11 e il 25 agosto 2024. L'azienda cerca di estenderli all'11 e al 25 agosto 2027, rispettivamente. Il prezzo di esercizio rimarrà a $0,38, con ciascun warrant convertibile in un'azione ordinaria della società.
È importante notare che 9.100.000 di questi warrant sono detenuti da persone interne alla società, costituendo una "transazione con parti correlate". L'azienda ha fatto affidamento su esenzioni dai requisiti di valutazione e approvazione degli azionisti di minoranza, poiché il valore di mercato equo dei warrant detenuti dagli insider non supera il 25% della capitalizzazione di mercato della società. La modifica è soggetta all'approvazione della TSXV.
Argentina Lithium & Energy Corp. (TSXV: LIT, FSE: OAY3, OTCQX: LILIF) ha solicitado a la TSX Venture Exchange extender el plazo de 16.630.000 warrants pendientes. Estos warrants, emitidos originalmente en una colocación privada en agosto de 2022, están programados para expirar el 11 y el 25 de agosto de 2024. La empresa busca extenderlos al 11 y al 25 de agosto de 2027, respectivamente. El precio de ejercicio permanecerá en $0.38, siendo cada warrant canjeable por una acción ordinaria de la empresa.
Notablemente, 9.100.000 de estos warrants son poseídos por personas cercanas a la empresa, constituyendo una "transacción con partes relacionadas". La empresa ha basado su solicitud en exenciones de los requisitos de valoración y aprobación de accionistas minoritarios, ya que el valor de mercado justo de los warrants poseídos por los insiders no excede el 25% de la capitalización de mercado de la empresa. La enmienda está sujeta a la aprobación de la TSXV.
아르헨티나 리튬 & 에너지 주식회사 (TSXV: LIT, FSE: OAY3, OTCQX: LILIF)는 TSX 벤처 거래소에 16,630,000개의 미결제 워런트의 유효 기간 연장을 신청했습니다. 이 워런트는 2022년 8월에 실시된 사모 배정에서 처음 발행되었으며, 2024년 8월 11일과 8월 25일에 만료될 예정입니다. 회사는 이를 각각 2027년 8월 11일과 8월 25일까지 연장하고자 합니다. 행사 가격은 $0.38로 유지됩니다, 각각의 워런트는 회사의 보통주 1주로 교환될 수 있습니다.
특히, 이 워런트 중 9,100,000개는 회사 내부자들에 의해 보유되고 있습니다, 이는 "관련 당사자 거래"를 구성합니다. 회사는 내부자가 보유한 워런트의 공정 시장 가치가 회사의 시장 자본금의 25%를 초과하지 않기 때문에, 평가 및 소수 주주 승인 요건의 면제에 의존했습니다. 이 수정안은 TSXV의 승인을 받아야 합니다.
Argentina Lithium & Energy Corp. (TSXV: LIT, FSE: OAY3, OTCQX: LILIF) a demandé à la TSX Venture Exchange de prolonger la durée de 16.630.000 bons de souscription en circulation. Ces bons, initialement émis dans le cadre d'un placement privé en août 2022, doivent expirer le 11 et le 25 août 2024. La société cherche à les prolonger jusqu'au 11 et au 25 août 2027, respectivement. Le prix d'exercice restera à 0,38 $, chaque bon étant échangeable contre une action ordinaire de la société.
Notamment, 9.100.000 de ces bons sont détenus par des initiés de l'entreprise, constituant une "transaction entre parties liées". La société a compté sur des exonérations des exigences d'évaluation et d'approbation des actionnaires minoritaires, car la juste valeur marchande des bons détenus par les initiés ne dépasse pas 25 % de la capitalisation boursière de la société. L'amendement est soumis à l'approbation de la TSXV.
Argentina Lithium & Energy Corp. (TSXV: LIT, FSE: OAY3, OTCQX: LILIF) hat bei der TSX Venture Exchange beantragt, die Laufzeit von 16.630.000 ausstehenden Warrants zu verlängern. Diese Warrants, die ursprünglich im August 2022 in einer Privatplatzierung ausgegeben wurden, laufen am 11. und 25. August 2024 ab. Das Unternehmen strebt an, sie auf den 11. und 25. August 2027 zu verlängern. Der Ausübungspreis bleibt bei $0,38, wobei jeder Warrant gegen eine Stammaktie des Unternehmens eintauschbar ist.
Bemerkenswert ist, dass 9.100.000 dieser Warrants von Unternehmensinsidern gehalten werden, was eine "Transaktion mit nahestehenden Personen" darstellt. Das Unternehmen verlässt sich auf Ausnahmen von Bewertungs- und Genehmigungsanforderungen für Minderheitsaktionäre, da der faire Marktwert der von Insidern gehaltenen Warrants 25% der Marktkapitalisierung des Unternehmens nicht überschreitet. Die Änderung unterliegt der Genehmigung der TSXV.
- Potential for additional capital if warrants are exercised
- Extension of warrant expiration provides more time for potential exercise
- Dilution risk for existing shareholders if warrants are exercised
- Related party transaction with 9,100,000 warrants held by insiders
TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQX Venture Market: LILIF
- 16,630,000 warrants that are set to expire on August 11 and August 25, 2024 to be extended to August 11 and August 25, 2027 respectively. These warrants were originally issued under a private placement completed by the Company in 2 Tranches in August 2022.
The exercise price of the warrants will remain at
The Company further reports that 9,100,000 of the 16,630,000 Warrants are held by insiders of the Company. As such, the extension of such Warrants constitutes, to that extent, a "related party transaction" within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Shareholders ("MI 61-101"). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 (and Exchange Policy 5.9), as the fair market value of the Warrants held by the insiders does not exceed
The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
_____________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments management of the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.
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SOURCE Argentina Lithium & Energy Corp.
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