Re: Arena expands claims
in response to
by
posted on
Oct 06, 2022 02:59PM
Yes you're right Cal that thay can increase ownership in the future. The Nov 2021 announcement indicated that LAC holdsĀ 21,428,571 share purchase warrants in addition to their common shares. "[LAC] has signed an undertaking not to exercise the Warrants until such time as [LAC] can obtain disinterested shareholder approval of the creation of a new control person by the shareholders of Arena Minerals, which is required once the [LAC] passes the 20% ownership threshold. An early warning report will be filed by Lithium Americas on SEDAR at www.sedar.com in accordance with applicable securities laws."
And let's not forget to add the "final", long awaited Thacker Pass DFS to the exciting news in the pipeline.
Hope you're enjoying your road trip Cal.