Edison Lithium Corp., a Canadian-based junior mining exploration company, is pleased to announce the positive outcome of its annual and general special meeting of securityholders held on February 26, 2024. Shareholders of the company have approved all resolutions presented by management, as outlined in the Company’s management information circular dated January 12, 2024, and the related addendum dated January 31, 2024.
The resolutions approved at the meeting include fixing the number of directors at five and electing Nathan Rotstein, James (Jay) Richardson, Luisa Moreno, Gordon Jang, and Roger Dahn as directors for the ensuing year. Additionally, Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, has been re-appointed as the company’s auditor for the upcoming year. The continuation of the Company’s 2022 stock option plan and the ratification of the grant of 915,000 stock options to directors and officers of the Company on September 7, 2023, were also approved.
Furthermore, the statutory plan of arrangement (the “Plan of Arrangement”) among the Company, the Company’s securityholders, and Edison Cobalt Corp. (“SpinCo”), a wholly owned subsidiary of the Company, received approval from shareholders, warrantholders, and optionholders. The Plan of Arrangement is subject to final approval from the TSX Venture Exchange and a final order from the Supreme Court of British Columbia.
The shareholders also approved the disposition of all or substantially all of the Company’s undertaking and the adoption of SpinCo’s stock option plan. Additionally, the proposed private placement financing of SpinCo was approved, demonstrating the confidence and support of the shareholders in the company’s growth strategy.
Edison Lithium Corp. is focused on the procurement, exploration, and development of cobalt, lithium, alkali, and other energy metal properties. The company’s acquisition strategy is centered around acquiring affordable, cost-effective, and highly regarded mineral properties in areas with proven geological potential. By building a portfolio of quality assets capable of supplying critical materials to the battery industry, Edison aims to capitalize on the renewed interest in the battery metals space and provide significant benefits to its shareholders.
Nathan Rotstein, Chief Executive Officer and Director of Edison Lithium Corp., expressed his gratitude to the shareholders for their overwhelming support. He emphasized the company’s commitment to delivering value and capitalizing on the growing demand for battery metals. With the resolutions approved, Edison Lithium Corp. is poised to advance its exploration and development activities, contributing to the sustainable and efficient production of energy storage solutions.
For more information about Edison Lithium Corp., please visit their website at www.edisonlithium.com or contact them at 416-526-3217 or via email at info@edisonlithium.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Source: https://www.newsfilecorp.com/release/199495
