Re: Massive Arena Volume
in response to
by
posted on
Apr 07, 2023 11:24AM
It is done:
"Toronto, Ontario--(Newsfile Corp. - April 6, 2023) - Arena Minerals Inc. (TSXV: AN) (OTCQX: AMRZF) ("Arena" or the "Company") is pleased to announce that the Company's securityholders have approved the previously announced acquisition of Arena by Lithium Americas Corp. ("LAC") (the "Transaction"), at a special meeting of securityholders held earlier today (the "Meeting").
At the Meeting, Arena's securityholders approved the proposed acquisition of all of the issued and outstanding common shares of Arena by LAC by way of plan of arrangement (the "Arrangement") announced by the parties on December 20, 2022. Pursuant to the Arrangement, Arena's shareholders will receive 0.0226 of a LAC common share and $0.0001 in cash for each Arena common share held. For further information on the Transaction and the definitive arrangement agreement, please refer to the Company's news releases of December 20, 2022, March 1 and 15, 2023, and the March 6, 2023 information circular prepared in respect of the Meeting filed under the Company's profile at www.sedar.com (the "Circular")."
Lithium Argentina will have very good resources going into the future.