Bearing Lithium Corp. (fka BLILF)

[climber18]

All this has left me no peace. I have now found the answer to my own questions. Nevertheless, many thanks to Doctor for his efforts.

Bearing Lithium Reports That Li3 Energy Shareholders Approved the Acquisition
28-Sep-2017

Vancouver, British Columbia - Bearing Lithium Corp. ("Bearing" or the "Company") (TSX Venture: BRZ) (OTCQB: BRGRF) (FRANKFURT: B6K1) is pleased to announce that Li3 shareholders have overwhelmingly approved the transaction. At a shareholder vote held today, a total of 71.9% of shares were voted at the meeting of which 99% voted in favor of the transaction. The number of Bearing Lithium shares to be issued under the scheme will be approximately 16 million shares. Closing of the transaction is anticipated to occur immediately.

Following completion of the transaction, Bearing Lithium will have approximately 46.5 million common shares outstanding, with former Li3 Energy shareholders representing approximately 34% of Bearing’s pro-forma share capital.

“This day is long overdue for Li3 shareholders to finally be in the TSX-V where they can be exposed to an exciting lithium market. Personally, as an officer and Director of Bearing, and also as a Director of MSB, I look forward to working with our partners to continue contributing to the development of Maricunga” commented Luis Saenz, CEO of Li3, who is stepping down from his post.

Patrick Cussen, outgoing Chairman of Li3, stated “It has been a long road full of challenges. But this shareholder vote demonstrates the confidence in our next steps with the world class Maricunga project. On behalf of the Li3 Board I thank all our shareholders for their support during the past few years and look forward to working with the Bearing team in this and future endeavours.”

http://www.bearingresources.ca/announcements/bearing-lithium-reports-that-li3-energy-shareholders-approved-the-acquisition