Lithium X (LIX.v):Well that's all right then - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Lithium X (LIX.v):Well that's all right then, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Lithium X (LIX.v):Well that's all right then
link : Lithium X (LIX.v):Well that's all right then

Lithium X (LIX.v):Well that's all right then

Beats me why you're worried. Cheque's in the post.

VANCOUVER, March 1, 2018 /CNW/ - Lithium X Energy Corp.  ("Lithium X" or the "Company") (TSXV: LIX) (OTC: LIXXF) in response to recent trading in its shares, the Company is providing an update on the expected completion date (the "Effective Date") of the previously announced plan of arrangement (the "Arrangement") with NextView New Energy Lion Hong Kong Limited ("NextView").

The trading price of the Company's common shares has fallen over 20% in the past day of trading and resulted in a single stock circuit breaker that caused a temporary 5-minute halt in trading this morning.  The Company is not in possession of any undisclosed material information and is not aware of any change that would support this negative market sentiment.

In terms of completion of the Arrangement with NextView, in a conference call Tuesday evening with NextView's personnel, financial advisor and legal counsel, the Company was advised that NextView continues to finalize the debt facilities to provide the remainder of the cash consideration to complete the Arrangement and, if it is not finalized before the end of next week, it will draw-down on its funding commitment from Tibet Summit in order to fund the Arrangement no later than March 9, 2018.  NextView was incorporated under the laws of Hong Kong, S.A.R., with its head office located in Hong Kong. NextView was incorporated by Shanghai NextView Xiangjin Investment Partnership (Limited) ("Shanghai NextView") and Tibet Summit as an acquisition vehicle to complete the Arrangement.

Key executives and other insiders of the Company have indicated that, since they are not currently in possession of any undisclosed material information, they intend to purchase the Company's common shares on the open market if available at prices that they believe represent a significant discount to the consideration payable under the Arrangement.

Additional information regarding the terms of the Arrangement is set out in Lithium X's management information circular dated January 3, 2018, which is filed under the Company's SEDAR profile at www.sedar.com.

On behalf of the Board of Directors of Lithium X

By: "Brian Paes-Braga"
President and CEO, Director

Thus Article Lithium X (LIX.v):Well that's all right then

That's an article Lithium X (LIX.v):Well that's all right then This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Lithium X (LIX.v):Well that's all right then with the link address https://todaysand.blogspot.com/2018/03/lithium-x-lixvwell-thats-all-right-then.html

Tweet

Subscribe to receive free email updates: