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Bearing Lithium Corp BLILF

Bearing Lithium Corp operates as an exploration and development company in North America. The company is focused on identifying, advancing, and de-risking lithium projects. Its project includes the Maricunga Lithium located northeast of Copiapo in the region of the Atacama in northern Chile.


OTCPK:BLILF - Post by User

Comment by tiger2201on Oct 04, 2022 2:25pm
110 Views
Post# 35004771

RE:Detailed Plan on LPI website

RE:Detailed Plan on LPI website

Here is BRZ's dates

Key Dates

The key dates for the above items described above are, or are expected to be, the following:

  1. October 28, 2022: The Meeting will be held at 10:00 a.m. (Vancouver time).
     
  2. On or about November 1, 2022: the British Columbia Supreme Court will hold the hearing in respect of a final order approving the Arrangement (the "Final Order") at 9:45 a.m.
     
  3. On or about November 8, 2022: If the Final Order is obtained and all other conditions to closing the Arrangement are satisfied, the steps as set out in the Arrangement will occur in the order and times as set out in the Arrangement.
I assume it may take another 1 to 2 weeks after November 8.

tiger


quote=neosceptic]Excellent, extended plan with independent assessement by BDO.
Important dates for us is "October" - BRZ s/h and directors approval
October 28, Emergency General Meeting date, I assume global approval of the transaction.
November - completion of the merger by all parties.
Great work by Lpi, it is 164 page document, plus referral to other ones.

Merger between public companies is a huge work. Never mind three way merge, that include private and public companies, all in different jurisdictions. Their working papers, probably in tens of thousands pages. Assistance to BDO alone must of demanded weeks of overtime work.
I was sure, that there will be a delay, at least till January or February, but no.

My confidence in LPI management, just shot up. Will see if they manage to follow up and complete it all in November. That would be great. Normally, such transactions last between one and three years....
I will still think that there will be a delay, my expectation is December, but it look like Maricunga will be in good hands.
[/quote]

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