LITHIUM X ENERGY CORP V.LIX

Deal close tomorrow?

[Vancitybull]

so it looks to be a go so that means out shares just turn to cash I assume. I had bankers petroleum a few years ago but I sold once I heard the deal I sold Integra gold too soon before acquisition so I'm a bit new to this part Can anyone clarify?

[15Stanmore]

Yes, you will see cash deposited to your account where the LIX shares are held, and the LIX shares removed. This usually happens after the Company has issued a cease trading order to allow the T+2 trades to settle, then all shares after settlement are bought out at the $2.61 price, with no fees or commissions deducted. If trading is permitted tomorrow, the earliest the cash would be paid is

[LongRoad]

The deal will close Saturday as per the press release. the Company expects the closing to occur on Friday March 9 and for the Effective Time of the Arrangement to be 12:01 am on Saturday March 10. Next week your broker will receive the cash and remit it to you in exchange for your shares at $2.61 per share, and no commissions will be charged. There isn't anything for you to do as they do

[JustGro]

Im pretty new to investing with less than 3 years of experience, so please pardon my ignorance, how does this work with the Lixxf shares? If i am right this is a cross listed company with symbols LIX and LIXXF.

[pezram13]

Correct they are part of and same company.

[JustGro]

Ok, so if i understand correctly the LIXXF shares will be automatically taken out of the account and replaced at whatever the price is converted from CAD to USD? I belive i read its 2.61 a share for LIX so converted to USD for LIXXF thats 2.03/share? Thanks for the help in understanding this process, first time to go through it.