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Bullboard - Stock Discussion Forum Lithium Chile Inc V.LITH

Alternate Symbol(s):  LTMCF

Metals & Mining Industrial Metals & Minerals
Lithium Chile Inc. (Lithium Chile) is a Canada-based exploration company. The Company is engaged principally in the acquisition, advancement and development of mineral properties in Chile and Argentina. The Company has a property portfolio consisting of 11 properties encompassing 106,136 hectares in Chile together with 29,245 hectares on the Salar de Arizaro in Argentina. The Company also owns... see more

TSXV:LITH - Post Discussion

Lithium Chile Inc > LITH welcomes new shareholder!
View:
Post by JasleenDhaka on Feb 22, 2023 7:43pm

LITH welcomes new shareholder!

Lithium Chile Inc./TSXV: LITH: Welcomes significant new shareholder following the government ordered divesture of Chengze’s ownership

Analyst Opinion: Chengze Lithium (SZSE:002240) has divested its ownership in LITH. Last year, the Canadian government had ordered Chengze and two other Chinese firms to divest of their investments in Canadian lithium juniors. Chengze has sold its 19.3% interest in LITH to Gator Capital Ltd. (an investment manager based out of Toronto) for $35M, or $0.91 per share. This deal reflected a 17% premium to LITH’s last closing price. We believe this premium reflects Gator’s conviction in LITH’s projects and its management team.   

Liked the commentary? Become a Free subscriber with us and read more: https://www.researchfrc.com/tesla-is-planning-to-acquire-this-lithium-junior/https://www.researchfrc.com/tesla-is-planning-to-acquire-this-lithium-junior/

 

*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.

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Lithium Chile Inc