Vancouver, British Columbia – TheNewswire - November 24, 2021– Dajin Lithium Corp. (“Dajin”) (TSXV:DJI) (OTC:DJIFF) (FSE:C2U1) wishes to report that, further to the news release dated November 19, 2021, Dajin and HeliosX Corp. (“HeliosX”) have now received a Final Order from the Supreme Court of British Columbia that approved the plan of arrangement (the “Arrangement”) among Dajin, HeliosX, ESG Technologies Inc. and Helios Infrastructure Corp. Dajin has also received conditional approval of the Arrangement from the TSX Venture Exchange (“TSXV”) and to list the common shares of the resulting issuer on the TSXV. Final approval from the TSXV is subject to Dajin and HeliosX meeting certain closing conditions required by the TSXV.
The shareholders and directors of HeliosX have unanimously approved this Arrangement and at Dajin’s Annual General and Special Meeting (the “Meeting”) the Dajin’s shareholders voted in favour of the Arrangement. The Arrangement received 99.355% approval of total securities voted at the Meeting held on November 19, 2021.
About Dajin Lithium Corp.
Dajin Lithium Corp. is a Lithium exploration company with brine-based Lithium exploration projects located in Argentina and Nevada. Dajin has announced exceptional Lithium brine assay results from 25 shallow pits ranging from 281 mg/litre to 1,353 mg/litre, averaging 591 mg/litre on the Salinas Grandes salar in Jujuy province, Argentina. Dajin holds a 49% Joint Venture interest in 230,000 acres in Jujuy province with Litica Resources S.A., an operating subsidiary of Pluspetrol Resources Corporation, a major international Argentinian oil and gas company.
In Nevada, Dajin holds a 100% interest in 403 placer mining claims covering 7,914 acres in the Teels Marsh valley of Mineral County, Nevada. Dajin has acquired the water rights in the Teels Marsh valley and has received all of the necessary permits for drilling, with engineered access roads and two large drill pads constructed. Dajin holds an earn-in agreement with Lone Mountain Resources LLC, an affiliate of Lilac Solutions, Inc., to earn a 75% interest in Dajin’s 100% owned Alkali Lake Lithium project located 7 miles from Albemarle’s Silver Peak Lithium brine operation in Clayton Valley, Esmeralda County, Nevada. The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept any responsibility for the adequacy or accuracy of this news release.
About HeliosX Corp.
HeliosX Corp. is a private ESG focused mineral exploration and mining technology company holding 311,900 acres of Lithium brine exploration rights in Alberta, Canada and two high value metal extraction Consulting and License agreements. One agreement is for the application of electrochemistry for a process to recover up to 98% of the residual high value metals from refractory mine tailings and a second agreement is for a patented chemistry technology that extracts valuable metals from conventional mine concentrates. HeliosX is currently undertaking a feasibility study for a gold concentrate extraction facility in British Columbia.
Further Information
All information contained in this news release with respect to Dajin or HeliosX was supplied by the respective party, for inclusion herein, without independent review by the other party, and each party and its directors and officers have relied on the other party for any information concerning the other party.
Completion of the Arrangement is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to TSXV requirements, majority of the minority shareholder approval. There can be no assurance that the Arrangement or the Concurrent Financing will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular of Dajin, any information released or received with respect to the Arrangement may not be accurate or complete and should not be relied upon. Trading in the securities of Dajin should be considered highly speculative.
The TSXV has not in any way passed upon the merits of the proposed Arrangement and has neither approved nor disapproved the contents of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
https://www.thenewswire.com/press-releases/1AlpF3w4n-dajin-lithium-receives-final-court-order-approval-for-plan-of-arrangement-with-heliosx-corp.html