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Salares Lithium merger with Talison Lithium 7-15-10, will make them the largest junior lithium player (bigger than Li3 Energy) with brine salars in Chile and Australia. BUY BUY BUY !!!!
Thanks Brad, Lithium will have its day IMO, Many choices out there, we'll have to keep an eye on them for now...GLTY
MBOT
I like your style. For reason I read a post of yours, maybe on MMTE and i followed your posts. I think you are right on the head investing in lithium companies like this one and WLC. I'm right behind you on this. Wish I would have done this months ago, but hey, I got a good feeling I'm not too late to the party.
Brad
My Pleasure...
MBOT
I'll put you back...
MBOT
what happend, your missing up top here?
MBOT
I think its in reads below...
MBOT
do we have canadian symbol?
still grey to sept- oct IMO
MBOt
My attention was required...
MBOT
yes lithium, sounds like a good place to be...
MBOT
yes, mgmt says a big deal is brewing, see other news below...
MBOT
o.k. then this is why grey one.
yes, I think canadian, but its halted at the moment, see lower post from 07/15/10
by mbot, ya right on. SALZF — Salares Lithium Inc
http://www.otcmarkets.com/stock/salzf/quote
[-chart]www.otcmarkets.com/content/doc/ps/tier/logo/30.gif[-/chart]
i no see pps. is this a canadian one?
Salares Lithium Inc
1055 West Hastings Street
Suite 960
Vancouver, BC V6E 2E9
Canada
http://www.salareslithium.com
Phone: (604) 443-3831
E-mail: info@salareslithium.com
looks like we could sell lithium.
VANCOUVER, BRITISH COLUMBIA, Jul 23, 2010 (MARKETWIRE via COMTEX) -- Salares Lithium Inc. (TSX VENTURE: LIT) (the "Company") wishes to announce that it has filed with the appropriate regulatory authorities a notice of a special shareholders' meeting to be held on September 16, 2010 (the "Meeting"). The purpose of the special meeting is to consider for approval a proposed plan of arrangement for the merger of Talison Minerals Pty Ltd and the Company as outlined in the Company's news release dated July 15, 2010. It is anticipated that meeting materials will be mailed on August 19, 2010 to registered and beneficial shareholders of record as at August 11, 2010.
The Meeting will be held in the Point Grey Room of the Marriott Vancouver Pinnacle Hotel, 1128 West Hastings Street, Vancouver, BC, at 10:00 AM (Vancouver time).
Corporate
On July 12, 2010, the Company cancelled the grant of 200,000 incentive stock options pursuant to its Stock Option Plan.
For contact information please visit our web page at: www.salareslithium.com
No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Salares Lithium Inc.
Todd Hilditch
President and CEO
(604) 443-3831
www.salareslithium.com
SOURCE: Salares Lithium Inc.
CONTACT: http://www.salareslithium.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
NEWS on SALZF
Jul 15, 2010
SALARES LITHIUM AND TALISON ANNOUNCE MERGER TO CREATE WORLD'S LARGEST LITHIUM PRODUCTION COMPANY WITH AN ACCELERATED BRINE EXPLORATION PROGRAM
Salares and Talison also announce a CAD$40 Million Private Placement to Fund Growth
FOR IMMEDIATE RELEASE Highlights
•Combination of the world's largest, high quality, low cost lithium producer located in Australia with a prospective, large scale brine exploration portfolio in Chile
•Unique exposure to both mineral and brine sources of lithium, with the ability to respond to the growing demand for lithium for electric vehicle batteries
•Board and management teams with complementary skills and extensive experience
•Fully subscribed private placement of CAD$40 million to fund growth
VANCOUVER, July 15, 2010 -- Salares Lithium Inc. (TSXV: LIT) ("Salares") and Talison Minerals Pty Ltd ("Talison") are pleased to announce that they have executed a binding letter agreement ("Letter Agreement") to combine their respective lithium assets and create the world's largest, publicly traded lithium production and exploration company.
The merger will combine Talison's world class lithium minerals production in Australia with Salares' prospective, large scale lithium brines exploration project in Chile. Upon completion of the proposed transaction, the combined entity will be well-funded, allowing for immediate expansion of the producing Australian operations to run in parallel with an accelerated exploration program at the Salares brine projects.
Immediate production expansions at Talison's Australian operations are required to satisfy substantial growth in lithium demand from Chinese battery producers, for whom Talison is the primary supplier. This demand has been driven by government policies encouraging alternative energy vehicles in pursuit of energy security, reduced reliance on oil imports and environmental objectives. Additional large scale production expansion is also being pursued by Talison to meet the anticipated global growth in the lithium market.
Salares' Chairman David Shaw said today: "The merger of Salares with Talison will create a unique lithium company with exposure to both lithium minerals and lithium brines, building on the strong foundation of both companies to continue growing and delivering value for shareholders."
Talison Chairman Peter Robinson stated: "Talison is already the largest lithium producer in the world and the largest supplier of lithium concentrates into the growing Chinese market. The merger with Salares will offer shareholders exposure to substantial growth opportunities for the potential production of lithium carbonate from lithium brines as well as from lithium minerals, to satisfy the demand for lithium products destined for the global electric vehicle market."
The Boards of Salares and Talison believe the benefits of the merger are compelling, with:
•An attractive diversified mix of lithium mineral and brine assets in both Australia and Chile:
?Combination of the high quality, low cost Australian based lithium minerals production with promising lithium brines exploration properties located in Chile;
•Multiple actionable growth strategies, including:
?Expansion of existing lithium mineral production capacity by over 60% (currently in progress) to support the growing Chinese battery market, with demand from existing customers for over 90% of additional capacity;
?Potential low cost lithium carbonate production from minerals conversion to supply major battery producers and vehicle manufacturers globally; and
?Future potential lithium carbonate production from prospective Chilean brines;
•Access to an extensive global customer network, established over a 25-year lithium operations history, with the leading position in the growing Chinese battery market; and
•Board and management teams with complementary skills and extensive experience in the technical and commercial aspects of project development, production and marketing lithium.
The market dynamics for lithium are positive. Lithium demand has grown consistently over the past decade and is expected to accelerate significantly in the near term from increased consumption of lithium batteries, which are a critical component of hybrid and electric vehicles.
The board of directors of both Talison and Salares unanimously support the proposed transaction. Salares management and directors (together representing 7.43% of Salares shares on a fully diluted basis) have agreed to enter into lock-up agreements to support the transaction.
Merger Proposal
Under the terms of the proposed transaction, which is to be structured as a plan of arrangement ("Plan of Arrangement") under the British Columbia Business Corporations Act, it is anticipated that common shares of Salares will be exchanged for ordinary shares of Talison1 on the basis of 2.81 Salares shares for one Talison share. All outstanding options and warrants of Salares will be assumed by Talison, and exercisable in accordance with their terms for Talison shares.
Upon completion of the Plan of Arrangement, existing Salares and Talison shareholders will own 20% and 80%, respectively, of the combined company (on a fully diluted basis), prior to the conversion of the Subscription Receipts issued under the CAD$40 million Private Placement (as described below).
1It is proposed that, prior to the Plan of Arrangement, the Talison Minerals corporate group will be re-organized to, among other things, separate the tantalum business and to place a new Australian company, Talison Lithium Limited, on top of the corporate group. References to "Talison shares" are references to fully paid, ordinary shares in the capital of Talison Lithium Limited, and references to securities in Talison are references to securities in Talison Lithium Limited.
Based on a price of CAD$3.50 per Talison share, the terms of the proposed transaction provide Salares shareholders with a premium of approximately 98.2% (equal to CAD$1.25 per Salares share) based on the trailing 20 day volume weighted average price for Salares shares on the TSX Venture Exchange.
Corporate, Board and Management Structure
Following completion of the Plan of Arrangement, the merged group will be known as Talison Lithium Limited ("Talison Lithium") and will have offices in Perth, Australia and Vancouver, Canada.
Mr Peter Robinson and Mr Peter Oliver, the Chairman and CEO of Talison, respectively, will be Chairman and CEO of Talison Lithium. It is proposed that David Shaw will join the Board of Directors of Talison Lithium, and will also act as a consultant to Talison Lithium in connection with the supervision of the ongoing exploration programs for the mineral properties of Salares. Todd Hilditch, current President and CEO of at Salares, will direct the investor relations program at Talison Lithium.
Anticipated Merger Timetable and Process
The Letter Agreement sets out the terms upon which the proposed merger will be implemented, and proposes for the parties to enter into a definitive arrangement on or before August 9, 2010. Under the Letter Agreement, both Salares and Talison have agreed to pay the other party a break fee of approximately CAD$1 million in certain circumstances.
The Plan of Arrangement is anticipated to be implemented by the end of September, 2010, subject to obtaining all necessary approvals and satisfaction of other conditions.
The proposed merger is subject to a number of conditions including:
•Completion of a CAD$40 million Private Placement (as described below);
•Approval of the Plan of Arrangement by Salares' shareholders;
•Approval by the Toronto Stock Exchange ("TSX") to list Talison Lithium, subject to customary conditions;
•Receipt of all applicable regulatory approvals, orders, notices and consents including: in Canada under the Competition Act; the Supreme Court of British Columbia; the Australian Foreign Investment Review Board; the TSX; and the TSX Venture Exchange;
•Completion of satisfactory due diligence on or before August 9, 2010; and,
•Other customary merger conditions.
Private Placement
In conjunction with the Plan of Arrangement, Salares will undertake a CAD$40 million private placement ("Private Placement") of subscription receipts of Salares ("Subscription Receipts").
Talison's current major shareholder, Resource Capital Fund ("RCF") has fully subscribed for the Private Placement, but at the request of the Agents (as defined below), is willing to scale back its commitment to permit Subscription Receipts to be offered for sale to other investors. RCF has also agreed to a 90 day lock up period.
The Private Placement issue price will be based on a deemed price per share in Talison of not less than CAD$3.50; under the terms of the Plan of Arrangement, this equates to a price of CAD$1.25 per Salares Subscription Receipt. Upon satisfaction of the Escrow Release Conditions (as described below), Subscription Receipts shall be exchanged into Talison shares on the basis of 2.81 Subscription Receipts for one Talison share.
The Private Placement will be managed by a syndicate of investment dealers led by Cormark Securities Inc. ("Cormark" and collectively, the "Agents") and is expected to close by the middle of August, 2010.
Upon release from escrow (as described below), it is anticipated that the proceeds of the Private Placement will be used to fund the growth strategies of the merged group, including:
•Expansion of the existing lithium minerals operations in Australia to increase production capacity to meet current Chinese demand for lithium;
•Acceleration of the exploration of Salares' properties in Chile;
•Implementation of a drilling programme at the Australian operations with an objective to increase and upgrade mineral reserves and resources;
•Initiation of further feasibility studies into developing a lithium carbonate plant using lithium mineral concentrates from the Australian operations; and
•General corporate and working capital purposes.
The gross proceeds of the Private Placement will be delivered to and held by a licensed Canadian trust company or other escrow agent (the "Escrow Agent") mutually acceptable to Cormark and Salares in an interest bearing account (the "Escrowed Funds").
The Escrowed Funds (plus any accrued interest earned thereon) will be released from escrow to Salares (after deducting certain expenses payable to the Agents) upon delivery of a notice (the "Release Notice") to the Escrow Agent from Cormark, on behalf of the Agents, and Salares, on or before 5:00 p.m. (Toronto time) on September 30, 2010 (the "Escrow Deadline") indicating the following conditions (the "Escrow Release Conditions") have been satisfied:
a.the implementation of the Plan of Arrangement;
b.the receipt of all required shareholder and regulatory approvals, including approval by the TSX; and
c.the Talison shares to be issued in connection with the Plan of Arrangement and on exchange of the Subscription Receipts not being subject to any statutory hold period in Canada.
If the Escrow Release Conditions are not satisfied on or before the Escrow Deadline, the Escrowed Funds plus accrued interest shall be returned to the holders of the Subscription Receipts and the Subscription Receipts will be cancelled without any further action on the part of the holders.
Advisors
Talison has engaged Rothschild and Cormark as its financial advisers and Blake, Cassels & Graydon LLP and Clayton Utz as its Canadian and Australian legal advisers, respectively.
Haywood Securities Inc. is acting as financial adviser to the special committee of Salares. Haywood has provided an opinion to the special committee of Salares that, subject to certain assumptions and limitations set out therein, the proposed transaction is fair, from a financial point of view to Salares shareholders. Gowling Lafleur Henderson LLP is acting as legal adviser to Salares. McCullough O'Connor Irwin LLP is acting as legal adviser to the special committee of Salares.
A presentation of the transaction highlights can be accessed at the Salares and Talison websites.
For further information please contact:
Investors
Todd Hilditch
President and CEO
Salares Lithium Inc.
Tel: (604) 443-3831 (604) 443-3831
www.salareslithium.com
Peter Robinson
Chairman
Talison Minerals Pty Ltd.
Tel: +357 2695 6011 +357 2695 6011
www.talisonlithium.com
Media
Kim O'Halloran
Vice President, Corporate Communications
FD
kim.ohalloran@fd.com
Tel: (312) 553-6733 (312) 553-6733
About Salares Lithium Inc.
Salares Lithium Inc. is a lithium explorer in Chile that controls the 'Salares 7' lithium project made up of seven salars (brine lakes that are prospective for sub-surface lithium and potassium) and the surrounding concessions in Region III, Chile. Five of the seven salars are clustered within 155 kilometres and are 100% owned by Salares and its Chilean partner.
About Talison Minerals Pty Ltd
Talison Minerals Pty Ltd is the leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market.
No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Not for distribution to U.S. news wire services or dissemination in the United States.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Statements
This release contains "forward-looking statements" which reflect the current expectations of the companies. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the companies believes to be reasonable assumptions, the companies can not assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the companies does not assume any obligation to update or revise them to reflect new events or circumstances.
from website...
http://www.salareslithium.com/s/Home.asp
MBOT
Company OverviewSalares Lithium Inc. (TSX-V: LIT) is a TSX Venture Exchange listed minerals exploration company focused on its "Salares 7" lithium project in the mining friendly jurisdiction of Chile.
The ProjectThe 'Salares 7' project consists of 117,904 hectares (117.9 sq km) with 39,404 hectares (394 sq km) of exploration potential solely within actual salares/brine lakes. The company believes this is one of the largest land and pure salare concession packages in the lithium exploration sector. Historic sampling (non NI43-101 compliant) has returned lithium and potassium in all seven salares with grades up to 1,080 ppm lithium and 10,800 ppm potassium.
Our concession package is also unique in that, with our local partner, we control 100% of five salares clustered within 155 km's, resulting in no severed ownership.
Chile produces more lithium than any other country in the world and brines account for the majority of the world's lithium supply. Features
Upcoming EventsTo Be Announced
Recent NewsJuly 23, 2010
Salares Lithium Announces Special Shareholders' MeetingJuly 15, 2010
SALARES LITHIUM AND TALISON ANNOUNCE MERGER TO CREATE WORLD'S LARGEST LITHIUM PRODUCTION COMPANY WITH AN ACCELERATED BRINE EXPLORATION PROGRAMJuly 02, 2010
Salares Lithium Announces Significant Increase to its Brine Bearing Reservoir Rock / Aquifer
VANCOUVER, Jul 15, 2010 (Canada NewsWire via COMTEX) -- The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
<<
Issuer Name: Salares Lithium Inc.
TSX-V Ticker Symbol: LIT - V
Time of Halt: 13:20 EST
Reason for Halt: Company Request Pending News
>>
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC)
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
CONTACT: contact - IIROC Inquiries (416) 646-7299 - * Please note that IIROC is not able to
provide any additional information regarding a specific trading halt. Information is
limited to general enquiries only.
Copyright (C) 2010 CNW Group. All rights reserved.
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KEYWORD: British Columbia
INDUSTRY KEYWORD: FIN
SUBJECT CODE: STH
Salares Lithium Announces Significant Increase to Its Brine Bearing Reservoir Rock / Aquifer
VANCOUVER, BRITISH COLUMBIA, Jul 02, 2010 (MARKETWIRE via COMTEX) -- Salares Lithium Inc. (TSX VENTURE: LIT) (the "Company") is pleased to report the results of additional transient electromagnetic surveys ("TEM") completed at its 'Salares 7' project ("Project") in Region III, Chile. Additional surveys are now completed on and adjacent to Salar de Aguilar and Salar Grande. The Company has now completed TEM surveys on the northern portion of Salar de la Isla, Salar de las Parinas, Salar de Aguilar and Salar Grande.
The combined TEM results on the Project to date have identified a substantial increase in the volume of the brine bearing aquifer / reservoir rock. The cumulative survey results show a 31% increase, from 3.64 to 4.77 billion cubic metres, of the reservoir rock when a cut-off of 1 ohm/metre is applied. When the resistivity cut-off level is increased to 2 ohm/metres the reservoir volumetric increases 100% taking the calculated reservoir rock volume from 9.4 to 18.8 billion cubic metres.
TEM surveys are yet to be completed on Salar de Amarga and the southern portion of Salar de la Isla.
The TEM surveys have been carried out by Geodatos SAIC ("Geodatos") of Santiago, Chile. Previous work by Geodatos using TEM surveys has resulted in the confirmation of the presence of high conductivity, salt saturated brines. The TEM surveys are designed to define the size and extent of the reservoir rock and in-situ brine pool within the salares. The majority of the world's lithium production comes from salars, or salt lakes, where prospective lithium mineralization is generally hosted in brine horizons.
TEM Results from Aguilar and Grande
Using the results obtained from the survey (approximately 70 line km) on Salar de Aguilar and Salar Grande, Geodatos has constructed a three dimensional model of the distribution of the interpreted brine bearing horizons.
Using a resistivity cut-off of 1 ohm/metre (interpreted by Geodatos as probable brine), Geodatos has calculated the brine bearing horizon or reservoir rock to have an aquifer volume of 1.14 billion cubic metres. Using a resistivity cut-off of 2 ohm/metres (interpreted by Geodatos as possible brines) the calculated aquifer volume of this horizon is 9.4 billion cubic metres.
Cumulative TEM Results to Date for the Salare 7 Project
Using a resistivity cut-off of 1 ohm/metre (interpreted by Geodatos as probable brine), Geodatos has calculated the brine bearing horizon or reservoir rock within the surveyed portion of the Project to date to have an aquifer volume that has increased from 3.64 to 4.77 billion cubic metres. Using a resistivity cut-off of 2 ohm/metres (interpreted by Geodatos as possible brines) the calculated aquifer volume of the horizon substantially increases from 9.4 to 18.8 billion cubic metres. The cumulative results represent a 31% increase of probable brine and a 100% increase of possible brine when compared to the previous combined TEM results of northern la Isla and las Parinas.
"We are extremely pleased with the results of these additional surveys that have identified a substantial increase to our aquifer's reservoir rock or possible production zone. Based on the results and experience to date, we would expect that additional surveys to be completed could increase the known reservoir size", stated Todd Hilditch, CEO.
In order to determine the actual brine content and eventual resource of this host/reservoir rock, information relating to the porosity, permeability and grade will be required from drilling and sampling.
About Geodatos
The TEM geophysics programs are being carried out by Geodatos, a well known Chilean geophysics company with broad international experience. Pertinent to the Company's needs is that Geodatos has experience and has conducted surveys at the lithium rich Salar de Atacama, located approximately 200 kms north of the Company's Project.
About TEM
TEM uses electromagnetic impulse excitation to investigate the subsurface. It is a variation of the electromagnetic method in which electric and magnetic fields are induced by transient pulses of electrical current in coils or antennas instead of by continuous current. TEM surveys have become the most popular surface EM technique used in exploration for minerals and groundwater and for environmental mapping. Ohm is the unit of measurement of electrical resistance in a material. One ohm is the resistance in a circuit when one volt maintains a current of one amp.
The technical information in this release has been reviewed and approved by Luis Ignacio Silva P. (Ph.D and C.Eng.), Exploration and General Manager for Chile, as a 'qualified person', as defined by NI 43-101, Standards for Disclosure of Mineral Projects.
(Cautionary statement: At this stage there has been insufficient exploration completed such that a mineral resource may be calculated. The potential quantity and grade can only be established with further work, including sampling. It is currently not known if this additional work will result in identifying a mineral resource.)
Salares Lithium Inc.
Salares Lithium Inc. is a lithium explorer in Chile that controls the 'Salares 7' lithium project made up of seven salares (brine lakes that are prospective for sub-surface lithium and potassium) and the surrounding concessions in Region III, Chile. Five of the seven salares are clustered within 155 kilometres and are 100% owned by the Company and its Chilean partner.
For contact information please visit our web page at: www.salareslithium.com/
Forward-Looking Statements
Certain of the statements made and information contained herein are "forward-looking statements" within the meaning of Canadian securities legislation or "forward-looking information" within the meaning of the Ontario Securities Act and the Alberta Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or forward-looking information. Forward-looking statements and forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. In addition, forward-looking statements and forward-looking information is based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information or forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Salares Lithium Inc.
Todd Hilditch
President and CEO
(604) 443-3831
www.salareslithium.com
SOURCE: Salares Lithium Inc.
CONTACT: http://www.salareslithium.com
Copyright 2010 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Manufacturing and Production:Mining and Metals
Salares Lithium Announces Special Shareholders' Meeting
VANCOUVER, BRITISH COLUMBIA, Jul 23, 2010 (MARKETWIRE via COMTEX) -- Salares Lithium Inc. (TSX VENTURE: LIT) (the "Company") wishes to announce that it has filed with the appropriate regulatory authorities a notice of a special shareholders' meeting to be held on September 16, 2010 (the "Meeting"). The purpose of the special meeting is to consider for approval a proposed plan of arrangement for the merger of Talison Minerals Pty Ltd and the Company as outlined in the Company's news release dated July 15, 2010. It is anticipated that meeting materials will be mailed on August 19, 2010 to registered and beneficial shareholders of record as at August 11, 2010.
The Meeting will be held in the Point Grey Room of the Marriott Vancouver Pinnacle Hotel, 1128 West Hastings Street, Vancouver, BC, at 10:00 AM (Vancouver time).
Corporate
On July 12, 2010, the Company cancelled the grant of 200,000 incentive stock options pursuant to its Stock Option Plan.
For contact information please visit our web page at: www.salareslithium.com
No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Salares Lithium Inc.
Todd Hilditch
President and CEO
(604) 443-3831 (604) 443-3831
www.salareslithium.com
SOURCE: Salares Lithium Inc.
CONTACT: http://www.salareslithium.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
PS is saying Grey goose here....
http://www.otcmarkets.com/stock/salzf/quote
form D
UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.
FORM D
OMB APPROVAL
OMB Number: 3235-0076 Expires: September 30, 2008 Estimated Average burden hours per response: 4.0
Notice of Exempt Offering of Securities
1. Issuer's Identity
CIK (Filer ID Number) Previous Name(s) x None Entity Type
0001407140 x Corporation
o Limited Partnership
o Limited Liability Company
o General Partnership
o Business Trust
o Other
Name of Issuer
P2P Health Systems Inc
Jurisdiction of Incorporation/Organization
BRITISH COLUMBIA, CANADA
Year of Incorporation/Organization
x Over Five Years Ago
o Within Last Five Years (Specify Year)
o Yet to Be Formed
2. Principal Place of Business and Contact Information
Name of Issuer
P2P Health Systems Inc
Street Address 1 Street Address 2
1055 W. HASTINGS STREET SUITE 960
City State/Province/Country ZIP/Postal Code Phone No. of Issuer
VANCOUVER A1 V6E 2E9 604-443-3831 604-443-3831
3. Related Persons
Last Name First Name Middle Name
Hilditch Todd
Street Address 1 Street Address 2
1055 W. Hastings Street Suite 960
City State/Province/Country ZIP/Postal Code
Vancouver A1 V6E 2E9
Relationship: x Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
--------------------------------------------------------------------------------
Last Name First Name Middle Name
Kang Rajwant
Street Address 1 Street Address 2
1055 W. Hastings Street Suite 960
City State/Province/Country ZIP/Postal Code
Vancouver A1 V6E 2E9
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
--------------------------------------------------------------------------------
Last Name First Name Middle Name
Gregg Loree
Street Address 1 Street Address 2
1055 W. Hastings Street Suite 960
City State/Province/Country ZIP/Postal Code
Vancouver A1 V6E 2E9
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
--------------------------------------------------------------------------------
Last Name First Name Middle Name
Lamb William
Street Address 1 Street Address 2
1055 W. Hastings Street Suite 960
City State/Province/Country ZIP/Postal Code
Vancouver A1 V6E 2E9
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
--------------------------------------------------------------------------------
Last Name First Name Middle Name
Slater Ian
Street Address 1 Street Address 2
1055 W. Hastings Street Suite 960
City State/Province/Country ZIP/Postal Code
Vancouver A1 V6E 2E9
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
--------------------------------------------------------------------------------
4. Industry Group
o Agriculture Health Care o Retailing
Banking & Financial Services o Biotechnology o Restaurants
o Commercial Banking o Health Insurance Technology
o Insurance o Hospitals & Physicians o Computers
o Investing o Pharmaceuticals o Telecommunications
o Investment Banking o Other Health Care o Other Technology
o Pooled Investment Fund
Travel
o Other Banking & Financial Services o Manufacturing o Airlines & Airports
Real Estate o Lodging & Conventions
o Commercial o Tourism & Travel Services
o Construction o Other Travel
o REITS & Finance x Other
o Residential
o Other Real Estate
o Business Services
Energy
o Coal Mining
o Electric Utilities
o Energy Conservation
o Environmental Services
o Oil & Gas
o Other Energy
5. Issuer Size
Revenue Range Aggregate Net Asset Value Range
x No Revenues o No Aggregate Net Asset Value
o $1 - $1,000,000 o $1 - $5,000,000
o $1,000,001 - $5,000,000 o $5,000,001 - $25,000,000
o $5,000,001 - $25,000,000 o $25,000,001 - $50,000,000
o $25,000,001 - $100,000,000 o $50,000,001 - $100,000,000
o Over $100,000,000 o Over $100,000,000
o Decline to Disclose o Decline to Disclose
o Not Applicable o Not Applicable
6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)
o Rule 504(b)(1) (not (i), (ii) or (iii)) o Rule 505
o Rule 504 (b)(1)(i) x Rule 506
o Rule 504 (b)(1)(ii) o Securities Act Section 4(6)
o Rule 504 (b)(1)(iii) o Investment Company Act Section 3(c)
7. Type of Filing
x New Notice Date of First Sale 2009-09-01 o First Sale Yet to Occur
o Amendment
8. Duration of Offering
Does the Issuer intend this offering to last more than one year? o Yes x No
9. Type(s) of Securities Offered (select all that apply)
o Pooled Investment Fund Interests x Equity
o Tenant-in-Common Securities o Debt
o Mineral Property Securities x Option, Warrant or Other Right to Acquire Another Security
x Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security x Other (describe)
Sub receipts, automatically convertible into units consisting of 1 common + 1 wrt; wrts exercisable @Cdn.$.16 for 36 months
10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? o Yes x No
Clarification of Response (if Necessary)
Item 7 does not report sales, but reports only subscriptions that are subject to closing conditions. No assurance is given that any closing will occur or that any funds will be raised.
11. Minimum Investment
Minimum investment accepted from any outside investor $ 0 USD
12. Sales Compensation
Recipient Recipient CRD Number o None
(Associated) Broker or Dealer o None (Associated) Broker or Dealer CRD Number o None
Street Address 1 Street Address 2
City State/Province/Country ZIP/Postal Code
State(s) of Solicitation o All States
13. Offering and Sales Amounts
Total Offering Amount $ 572361 USD o Indefinite
Total Amount Sold $ 190787 USD
Total Remaining to be Sold $ 381574 USD o Indefinite
Clarification of Response (if Necessary)
(c) represents maximum exercise price of warrants issued to U.S. purchasers
14. Investors
o Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors,
Number of such non-accredited investors who already have invested in the offering
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering: 10
15. Sales Commissions & Finders' Fees Expenses
Provide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.
Sales Commissions $ 0 USD o Estimate
Finders' Fees $ 0 USD o Estimate
Clarification of Response (if Necessary)
16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
$ 0 USD o Estimate
Clarification of Response (if Necessary)
Signature and Submission
Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.
Terms of Submission
In submitting this notice, each Issuer named above is:
Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, the information furnished to offerees.
Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the Issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against it in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
Certifying that the Issuer is not disqualified from relying on any Regulation D exemption it has identified in Item 6 above for one of the reasons stated in Rule 505(b)(2)(iii).
Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.
For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.
Issuer Signature Name of Signer Title Date
P2P Health Systems Inc /s/ Loree Gregg Loree Gregg Corporate Secretary 2009-09-15
MBOT
Hmmmm?
http://finance.yahoo.com/q?s=SALZF.PK
MBOT
An increase in world consumption of lithium of 800% over the next 4 years is a very encouraging sign to continue to persue Lithium Miners and Exploration companies. That our investment interests in 6 Junior Lithium miners is not misplaced??.
However we now see Salares Lithium TSX:LIT as a prime takeover target for SQM in the coming months and as a result we are increasing our position in Salares LIT which is listed on the Toronto Venture Exchange. TSX:LIT is our #1 pick in the sector now. Their is great interest and accumulation beginning to happen at these prices.
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Salares Lithium Inc. intends on being a mid-tier lithium producer. Our Salares 7 (brine) project is comprised of a 96,604 hectare land package with 39,404 hectares of brine exploration potential. Our competitive advantage is that 5 of our salares/brine lakes, which are 100% owned with our Chilean partner, are clustered within 155 kilometers. This cluster of salares along with the additional developmental concessions we have staked will allow us to move the project development forward unhindered by competitors. If you consider that 90% of the world’s lithium reserves (17,100,000 tonnes) are hosted in brine-based deposits, we believe our company should be established as a leader in the peer group of exploration companies.
Why Salares Lithium?
Additional References:
http://www.byroncapitalmarkets.com/reports/Initiating_Coverage-The_Magnificent_Seven.pdf (my thanks to gbstockhunter)
"- Salares Lithium is the present sole claimant on five of their seven individual salars in Chile, with a combined area of some 39,404 hectares on the lake beds themselves. The company holds more land that ties the salars together and provides working room.
- Historical sampling on the salars show surface lithium readings of up to 1,080 ppm. Mg:Li ratios are good at roughly 3:1.
- This is better than expected for salars in Chile, which usually show higher levels of magnesium.
- This is one of the most promising land packages we have seen; the claims were obtained for what we believe to be reasonable consideration, and, most importantly, Salares Lithium holds 100% of the land on the most promising lake beds.
-While political elements in Chile must likely be appeased, we believe the company has done all that can be done in this regard by bringing Mr. Pablo Mir on as a Director."
other good reading ...
www.seekingalpha.com/article/194706-a-small-basket-of-recommended-lithium-companies
retirefund.blogspot.com/2010/04/lithium-mines-investing-in-future-of.html
www.theenergyreport.com/pub/co/2142?cover=1
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