Alpha Lithium Corporation Ltd. (“Alpha Lithium” or the “Company”) (TSXV:ALLI) is reminding shareholders to tender their shares before the October 20th deadline as the company is embarking on a strategic shift in its operations.
The Company has recently announced that it will focus on becoming a pure play lithium exploration sale and development company. As a result, the Company is seeking to close the previously announced sale of its non-lithium assets in Argentina for $125,000.
In order to see the successful completion of this transaction, Alpha Lithium is urging its shareholders to tender their shares by the October 20th deadline, in accordance with the terms of the sale.
The transaction would help the Company to diversify its focus and provide long-term value for shareholders. Alpha Lithium is already one of the most prominent lithium developers in the world and the completion of this transaction would further strengthen its position in the fast-growing lithium market.
The Company is of the view that the sale of its Argentinian assets will help improve its balance sheet position and provide liquidity to Alpha Lithium to explore other potential opportunities over the long term.
In a press release, Charles Littlejohn, President and CEO of Alpha Lithium, commented: “This announcement marks a major milestone for Alpha Lithium as we focus our operations on lithium exploration and development. The proceeds from the sale of the Argentinian assets will provide us with additional capital for exploring and developing our various lithium properties. We continue to believe that the lithium market offers long-term growth potential and now is a great time to capitalize on this opportunity.”
The Company also announced that it is in the process of raising additional capital via its private placement offering which will help fund exploration and development activities moving forward.
Shareholders are being asked to tender their shares before the October 20th deadline in order for the Company to complete the sale of its Argentinian assets. Alpha Lithium’s shareholders are being requested to take action on this opportunity before it is too late.