Lithium One and Galaxy Resources To Propose Merger

Lithium One Inc.(TSXV:LI) announced that it has received an interim court order for merger from the Ontario Superior Court of Justice authorizing a shareholder’s meeting. The Company will put forward a proposed plan of arrangement with Galaxy Resources Limited at the meeting.

As quoted in the press release:

At the Meeting, Securityholders will be asked to consider and, if thought fit, approve a special resolution relating to the proposed plan of arrangement (the “Arrangement”), involving Lithium One, the Securityholders, Galaxy Resources Limited (ASX:GXY) of Australia (“Galaxy”) and Galaxy Lithium One Inc. (“Canco”), a wholly owned Canadian subsidiary of Galaxy.

Click here to read the Lithium One Inc. (TSXV:LI) press release