Oakham Announces Change of Name to "LSC Lithium Corporation" and Closing of Qualifying Transaction

Oakham Capital (CSE:OKM) has announced it has changed its name to LSC Lithium and closed its previously announced qualifying transaction consisting of the acquisition of all the issued and outstanding common shares in the capital of LSC Lithium.
As quoted in the press release:

In connection with the closing of the Qualifying Transaction, Oakham reconstituted its management and board of directors as noted below. Enirgi Group Corporation is now the largest shareholder of LSC, holding approximately 18.19% of LSC’s common shares.
Immediately prior to the closing of the Qualifying Transaction, Oakham filed articles of amendment to effect the consolidation of its issued and outstanding common shares on the basis of 1 new share for every 6.5 outstanding shares, thereby reducing the number of its issued and outstanding shares to 615,385 common shares.
Pursuant to the Amalgamation, (i) each outstanding LSC Lithium common share was exchanged for LSC common shares on a one-for-one basis, and (ii) each outstanding LSC Lithium warrant was exchanged for LSC warrants on a one-for-one basis on the same terms and conditions as contained in the LSC Lithium warrants.
Final acceptance of the Qualifying Transaction will occur upon the issuance of the Final Exchange Bulletin (the “Exchange Bulletin“) by the TSX Venture Exchange (the “TSXV“). Subject to final approval by the TSXV, LSC will no longer be a capital pool company and will be classified as a Tier 2 Mining Issuer pursuant to TSXV policies and its common shares are expected to commence trading on the TSXV at the opening of the markets on February 28, 2017 under the ticker symbol “LSC“. LSC will issue a news release once the TSXV issues its final exchange bulletin and will then advise of the expected listing date.
LSC Lithium and its subsidiaries hold interests in various lithium brine properties in Argentina. The business of LSC will be to manage and operate the business of LSC Lithium. LSC intends to pursue additional lithium property acquisitions in Argentina and to advance its properties to commercialization as soon as possible.

Click here to read the full press release.