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SunshineSmiles

05/11/17 10:17 PM

#433 RE: bullandbearwinner #428

Lithium X and Pure Energy Partner to Develop Nevada Lithium Asset

https://finance.yahoo.com/news/lithium-x-pure-energy-partner-113000721.html

In connection with these transactions, the Company and Pure Energy will also enter into an investor rights agreement under which, for a period of two years following completion of the transactions: the Company will be subject to certain restrictions on the disposition of its Pure Energy common shares and the Company will vote its Pure Energy common shares in the manner recommended by Pure Energy's management.   In addition, so long as it holds 5% or more of the outstanding Pure Energy common shares, the Company will be entitled to appoint one director to Pure Energy's board and to pre-emptive rights to maintain its interest on any future proposed financing by Pure Energy.