Articles Tagged "TSXV:LI"

Lithium One and Galaxy Lithium One Agree to Amend Terms of Exchangeable Shares

Galaxy Lithium One Inc., a wholly owned subsidiary of Galaxy Resources Limited, has agreed to amend the terms of the exchangeable shares which may be issued to certain eligible shareholders of Lithium One Inc. (TSXV:LI) who elect to receive Exchangeable Shares under the previously announced plan of arrangement transaction whereby Galaxy will acquire all of the outstanding securities of Lithium One.

Lithium One and Galaxy Resources To Propose Merger

Lithium One Inc.(TSXV:LI) announced that it has received an interim court order for merger from the Ontario Superior Court of Justice authorizing a shareholder's meeting. The Company will put forward a proposed plan of arrangement with Galaxy Resources Limited at the meeting.

Lithium One Board Recommends Merger with Galaxy Resources

The Lithium One Inc. (TSXV:LI) Board of Directors maintained its recommendation that the holders of Lithium One securities vote in favour of the plan of arrangement whereby a wholly owned subsidiary of Galaxy will acquire all of the outstanding securities of Lithium One.

Lithium One Merges With Galaxy Resources Limited

Lithium One Inc. (TSXV:LI) and Galaxy Resources Limited (ASX:GXY) of Australia have entered into a definitive arrangement agreement pursuant to which a wholly owned subsidiary of Galaxy will acquire by way of a court-approved plan of arrangement all of the outstanding securities of Lithium One.

Drilling at the Sal de Vida Lithium and Potash Project in Argentina Completed

Lithium One Inc. (TSXV:LI) completed resource drilling for the Sal de Vida lithium and potash project at Salar del Hombre Muerto, Argentina. New drill results will contribute to a reclassification and expansion of the resource in a new resource estimate, as averaged lithium and potash grades are approximately 10% higher than those of the NI 43-101 resource previously announced.