/NOT FOR DISTRIBUTION TO
All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.
Each Special Warrant shall be issued under a special warrant indenture and shall entitle the holder thereof to receive, without payment of additional consideration, one common share of the Company (each a "Common Share").
The Special Warrants shall be deemed exercised on behalf of, and without any required action on the part of, the holders (including payment of additional consideration) on the earlier of:
(i) | the second business day following the date on which a final receipt is obtained from the |
(ii) |
In the event the Qualification Date has not occurred on or before the date that is two months following the Closing Date, each Special Warrant shall thereafter entitle the holder to receive, upon the exercise or deemed exercise of each Special Warrant, for no additional consideration, 1.1 Common Shares.
Contemporary Amperex Technology Co., Limited's subsidiary ("CATL") holds a participation right to maintain its pro rata percentage holding in the Company (the "Participation Right") and may or may not exercise its Participation Right in connection with the Offering.
The Company plans to use the net proceeds from the Offering to fund development work at the 3Q
The Special Warrants will be offered on a private placement basis in all provinces of
The Offering is scheduled to close on or about
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act and may not be offered or sold in
About
The 3Q Project is located in the
Additional information regarding
Neither the
Cautionary Statements Regarding Forward-Looking Statements
Forward-Looking Statements -- Certain information set forth in this news release may contain forward-looking statements. Such statements include but are not limited to, statements as to the Offering, the intended use of proceeds therefrom, the Closing Date, the Qualification Date, and receipt of regulatory approvals in connection therewith, including the approval of the TSXV and applicable securities regulatory authorities. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "is expected", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, which could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. These risks include, without limitation, risks related to failure to obtain regulatory approval for the Offering or any special warrant qualification prospectus filed in connection therewith, failure to obtain adequate financing on a timely basis and on acceptable terms, political and regulatory risks associated with mining and exploration activities, including environmental regulation, risks and uncertainties relating to the interpretation of drill and sample results, risks related to the uncertainty of cost and time estimation and the potential for unexpected delays, costs and expenses, risks related to metal price fluctuations, the market for lithium products, and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and undue reliance should not be placed on forward-looking statements.
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