Ameriwest Lithium Inc. Announces Court Approval of the Plan of Arrangement
11.07.2022 | GlobeNewswire
VANCOUVER, July 11, 2022 - Ameriwest Lithium Inc. (the “Company” or “Ameriwest”) (CSE: AWLI) today announced that it has received approval from the Supreme Court of British Columbia of the statutory plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (the “Arrangement”), pursuant to which Ameriwest will separate into two companies with Ameriwest continuing to be traded on the Canadian Securities Exchange (the “CSE”) and with ISM Resources Corp. applying to have its common shares listed for trading on the CSE.Assuming that the remaining conditions to closing are satisfied and the necessary regulatory approvals are obtained, it is expected that the closing of the Arrangement will be completed in the third quarter of 2022.
About Ameriwest Lithium Inc.
Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource projects for exploration and development. The Company is currently focused on exploring its 13,580-acre Railroad Valley property, the 22,210-acre Edwards Creek Valley, and the 5,600-acre Deer Musk East property in Nevada. In addition, the Company is exploring the 2,860-acre Thompson Valley property in Arizona.
On Behalf of the Board of Directors
Glenn Collick
Chief Operating Officer and director
For further information, please contact:
Ameriwest Lithium Inc.
Glenn Collick, Chief Operating Officer and a director
(778) 868-2226
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.
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