Lithium One Metals Inc V.LONE

Lithium One and Norris Lithium to Merge

[Betteryear2]

Vancouver, British Columbia--(Newsfile Corp. - June 19, 2023) - Lithium One Metals Inc. (TSXV: LONE) (OTCQB: LOMEF) (FSE: H490) ("Lithium One" or "LONE") and Norris Lithium Inc. (CSE: CHCK) ("Norris Lithium") have entered into a definitive arrangement agreement dated June 19, 2023 (the "Agreement") pursuant to which Lithium One will acquire all of the issued and outstanding common shares of Norris Lithium (the "Transaction") on the basis of 0.672 common shares of Lithium One for each share of Norris Lithium held, by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). This strategic consolidation represents a significant milestone in both companies' growth trajectories, with Lithium One and Norris Lithium both benefiting from the creation of a large land position in James Bay, Qubec, an established presence in Northwestern Ontario in a rapidly emerging lithium district, combined technical expertise, and a joint exploration program already underway. Upon the closing of the Transaction, it is expected that the shareholders of Norris Lithium will hold approximately 35% of the common shares of the combined company, with Dale Ginn being appointed as President & CEO of Lithium One, and Nav Dhaliwal assuming the role of Executive Chair of Lithium One.

Lithium One and Norris Lithium to Merge to Expand Land Position in James Bay, Quebec (newsfilecorp.com)

[ggrellette]

Dale Ginn and Nav Dhaliwal are bad news. They were involved in BTR and were ousted. I feel for the shareholders here because those two clowns only care and worry about themselves and could give a rats azz about shareholders. YIKES!!!!!!!!!!!!!!!!!!!!

[Salazar2020]

So just how bad are these two clowns?