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AlkaLi3 Resources Inc. Announces Entering Into an Amalgamation Agreement With Loop Insights Inc.

By GlobeNewswire,  February 05, 2019, 06:37:00 PM EDT


CALGARY, Alberta, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Further to the previously announced proposed transaction with Loop Insights Inc. ("Loop"), a private British Columbia corporation, AlkaLi3 Resources Inc. ("AlkaLi3") (NEX: ALK.H) is pleased to announce that it has entered into an amalgamation agreement dated February 5, 2019 (the "Amalgamation Agreement") with Loop. Pursuant to the terms of the Amalgamation Agreement, Loop and AlkaLi3 will amalgamate (the "Amalgamation"), and the amalgamated corporation (the "Resulting Issuer") will carry on the business of Loop under the name "Loop Insights Inc." and proposes to list as a Tier 2 Technology Issuer on the TSX Venture Exchange (the "Exchange" or "TSXV").