On May 19, 2022, Lithium Ionic Corp. (TSXV: LTH) (formerly, POCML 6 Inc.) (“Lithium Ionic” or the “Company”) announced the completion of its acquisition (the “Transaction”) of all issued and outstanding securities of Lithium Ionic Inc. (the “Target”), a private incorporated company under the laws of the Province of Ontario with mining assets located in Brazil.<\/p>\n
The Transaction was completed according to the terms of an amalgamation agreement, pursuant to which the Company acquired all of the issued and outstanding securities of the Target by way of three-cornered amalgamation with a wholly-owned subsidiary of the Company.<\/p>\n
In connection with the completion of the Transaction, the Company\u2019s common shares commenced trading on the TSX Venture Exchange under the new ticker symbol “LTH” on May 24, 2022.<\/p>\n
Lithium Ionic is a publicly-traded company which owns a 100% interest in the Itinga lithium project in Brazil.<\/p>\n
Miller Thomson advised the Target in the Transaction with a team comprised of Mack Hosseinian and Christopher Fallis (Capital Markets & Securities).<\/p>\n