Lithium Energi Exploration Inc (LEXI)

[TradingCharts]

May 08 2025 - 4:15PM
PR Newswire (Canada)
https://ih.advfn.com/stock-market/TSXV/LEXI/stock-news/96019213/arena-proceeds-with-enforcement-action

VANCOUVER, BC, May 8, 2025 /CNW/ - Lithium Energi Exploration Inc. (TSXV: LEXI) (the "Company" or "LEXI") today announces that Arena Investors LP ("Arena") has provided the Company with a notice pursuant to Section 61 of the Personal Property Securities Act (British Columbia) (the "Enforcement Action") that Arena seeks to take all of the issued and outstanding shares in Lithium Energi Argentina S.A. (the "Collateral") in full and final satisfaction for payment of the $7,000,000 in principal, and all associated interest, outstanding pursuant to the secured credit agreement entered into between the Company and Arena dated February 1, 2023, as amended (the "Credit Agreement").

The Enforcement Action was delivered after the Company received a notice of default and a notice of intention to enforce security pursuant to Section 244(1) of the Bankruptcy and Insolvency Act (Canada) as announced on March 7, 2025.

The Company engaged in discussions with Arena to evaluate potential solutions to enable the Company to carry on in some form, and sought alternative sources of financing to repay the amounts outstanding under the Credit Agreement, but was unable to arrange an alternative transaction.

Upon realization of the Collateral, the Company will no longer have any active business operations, and it expects that it will be transferred to the NEX board of the TSX Venture Exchange.

Suspension of Trading by the Investment Regulatory Organization of Canada - LEXI
July 08, 2025 - 7:55AM
PR Newswire (Canada)
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VANCOUVER, BC, July 8, 2025 /CNW/ - OCRI has suspended trading in the following securities:

Company: Lithium Energi Exploration Inc.

TSX Venture Exchange Symbol: LEXI

Titles: Yes

Reason: Cease trade order

Time of suspension (ET): 7:45 a.m.

OCRI may make a decision to suspend (or temporarily stop trading in a security of a listed company. Shutdowns of operations are put in place to ensure the proper functioning of a market equitable. OCRI is the self-regulatory organization that oversees all investment dealers and all transactions carried out on the securities markets of equity and debt markets in Canada.

SOURCE The Canadian Securities Regulatory Organization Investments (OCRI) - Shutdowns/Takeovers


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