Post by
tiger2201 on Dec 15, 2022 6:58pm
LPI Merger News Out
The Salar Blanco Transaction is expected to occur during the week of 19 December, satisfying the final condition to allow the Bearing Transaction (17.14% interest portion). The transaction with Bearing for its 17.14% interest will be completed by way of a Canadian Plan of Arrangement (“Bearing Transaction”), which has been approved by Bearing Shareholders and the Canadian court. The final condition to the Bearing Transaction is the completion of the SBD Transaction. Now that the court has approved the scheme for the SBD Transaction, the completion process for the Bearing Transaction will commence. It is expected this will complete by 22 December, resulting in LPI taking ownership of 100% of Maricunga.
https://hotcopper.com.au/threads/ann-consolidation-of-maricunga-project-to-complete-imminently.7149811/
tiger
Comment by
neosceptic on Dec 16, 2022 12:59pm
Great news. Thank you tiger! The financing should be next. Hopefully won't be too long.