Bearing Lithium Corp BLILF

RE:RE:RE:RE: A significant ( positive ) change for all BRZ shareholders.

[neosceptic]

The 0.7 exchange is fair and I would be surprised if it would change. As a result of dilution we will get reduction of our share, but it is fair too.

After the merge, former BRZ will  owe LPI, including newly raised cash. If LPI raises cash, but only at expense of own shareholders only, it would be an equivalent of BRZ shareholders stealing $ from LPI ones and as LPI shareholder (including management) I would be pissed.

The raised cash (.7*.6/.9= .378 / share in BRZ equiv.) will be used for: starting capital of new company (they would need 5-6M to operate Australian rocks) and BRZ will get their share; to begin pre-production activities (with or without new partner) and BRZ shareholders will benefit from it.

I am glad they raised $, without it company would become a begger and would have to agree on first possible offer, now we are "well funded" company. The new cash is the only reason that Edison raised valuation from $1.1 to 1.24 (reason is stated in Edison's explanation).

I understand, the more benefits for us the better, but let's be reasonable too; 12% dilution for LPI is only about 7% dilution for JV and 30M was badly needed, BRZ $ will be distributed to us. Demerged Co need $ for drilling, we would be running on empty without it after the merging.