Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 4:57 PM
| This Slide: #51 of 100 |
Slide #51. Orocobre Limited — Advantage Lithium Corp.
Acquirer:
Orocobre Limited (TSE:ORL.CA)
Acquiree:
Advantage Lithium Corp.
Details:
Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company) is pleased to announce that it has entered into a definitive agreement (the Agreement) pursuant to which Orocobre will acquire 100% of the issued and outstanding shares of Advantage Lithium Corp. (Advantage) (TSX Venture: AAL) (OTCQX: AVLIF) that it does not already own.
Orocobre is engaged in the exploration, development and production of lithium at Co.'s Olaroz Lithium Facility (Olaroz) and the operation of Borax Argentina S.A. (Borax) Co. has three reportable segments, being Corporate, the Olaroz project and Borax Argentina. Olaroz is located in the Jujuy Province of northern Argentina. Borax operated in the Salta-Jujuy region and its operations include two open pit mines, concentrators, refining capacity and land holdings. The mining operations are located in Tincalayu and Sijes. Borax products can be divided into three groups; minerals, refined products and boric acid.
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