Bearing Lithium Corp. Announces Consolidation With Lithium Power International Limited
Pursuant to the Agreement, LPI shares issued to Bearing shareholders are not subject to any hold period and will be freely tradable.
- Pursuant to the Agreement, LPI shares issued to Bearing shareholders are not subject to any hold period and will be freely tradable.
- As a result of the Consolidation, Bearing shareholders will have a 15.6% interest in LPI, which will hold:
100% interest in the Project. - The Consolidation has been unanimously endorsed by the Boards of all three shareholders of the Project: LPI, MSB SpA and Bearing.
- Post Consolidation, Bearing shareholders will hold a ~15.6%5 interest in the proforma LPI that will hold 100% of the Project.