sur Sali Lithium Corp.
Pursuit Gold Completes Amalgamation with South American Lithium and Receives CSE Conditional Approval for Listing
SALi Lithium Corp. (formerly Pursuit Gold Corp.) announced it has completed the acquisition of 1477430 B.C. Ltd., previously South American Lithium Corp., through a three-cornered amalgamation. This process was conducted under the Business Corporations Act of British Columbia. The common shares of the resulting issuer have received conditional approval for listing on the Canadian Securities Exchange (CSE) under the symbol "SALI."
The amalgamation was executed based on an agreement dated July 14, 2023, with subsequent amendments. As a result, SALi became a wholly-owned subsidiary. The company's name was concurrently changed to SALi Lithium Corp. The process met several preconditions, including shareholder approval and CSE’s clearance of the company's draft Form 2A Listing Statement.
Former shareholders of SALi were issued 34,503,325 common shares of the company on a one-for-one basis. The resulting issuer now has 50,752,325 shares issued and outstanding. The board and management were restructured, with key positions held by Dustin Nanos, Christina Blacker, Ken Booth, Michelle DeCecco, and Richard Rosner.
Additional details, including board and management information and financial data, will be included in the Listing Statement and future releases. Completion of the listing and trading resumption remain subject to final CSE approval, pending shortly.
R. H.
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