(via TheNewswire)
As announced in the Consolidation News Release, Bearing shareholders who continue to hold LPI Shares (following the Transaction) at the time of the WA Spin-Off will receive a pro-rata allocation of shares in a separate entity which will hold the WA Spin-Off assets ("DemergeCo").
LPI announced today that it has entered agreements to significantly increase its tenement holdings in
For more information with respect to the Transaction (including a copy of the Consolidation News Release), please visit www.bearinglithium.com or www.sedar.com.
For more Information, please contact:
Corporate Secretary Info@bearinglithium.com
604-262-8835
Forward-Looking Information and Disclaimers
Certain information contained in this news release may be deemed “forward-looking” within the meaning of applicable securities laws. Forward-looking statements and information relate to future events and future performance and reflect Bearing and LPI’s expectations regarding the execution of business strategy, future development and construction, future growth, estimated costs, results of operations, the terms of the Transaction, the anticipated cash distribution, the anticipated WA Spin-off, business prospects and opportunities of Bearing, LPI and the JV Partner. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact andmay be forward- looking statements.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those expressed in the forward-looking statements and information. They include, among others, the accuracy of mineral reserve and resource estimates and related assumptions, inherent operating risks, the failure to obtain shareholder, regulatory or court approvals in connection with the Transaction, adverse changes in the construction timetable or progress at the Project, and those risk factors identified in Bearing’s Management Discussion and Analysis, prepared and filed with securities regulators which is available on SEDAR at www.sedar.com under the Bearing’s name.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Bearing's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that the Transaction is delayed or is not completed for any reason, the risk that the anticipated benefits of the Transaction are not realized, the risk that the cash distribution is less than anticipated or does not become payable for any reason, the risk that the WA Spin-off is not completed for any reason, the actual results of Bearing's future operations, factors beyond Bearing's control, and the risks identified in Bearing's management discussion and analysis for the period ended
There may be tax consequences for Bearing shareholders associated with the Transaction, including: (1) consequences associated with the exchange of shares of a Canadian corporation for shares of an Australian corporation; and (2) additional Chilean tax consequences for Bearing shareholders who own or control 10% or more of the Bearing Shares at closing date (inclusive of stock options, warrants, and Bearing Shares sold within 12 months prior to the closing of the Transaction). Shareholders should consult with their tax advisors and refer to the information contained in the Circular.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
NOT FOR DISSEMINATION OR DISTRIBUTION IN
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