Talison Lithium to Commence Trading on TSX Under Symbol TLH

Talison Lithium Limited (TSX: TLH.TO) announced that in connection with yesterday’s completion of the plan of arrangement between Talison and Salares Lithium Inc.

The press release is quoted as saying:

The completion of the Arrangement and the listing of the Talison ordinary shares satisfied the conditions for release from escrow of the proceeds from Salares’ previously announced private placement of 31,128,515 subscription receipts (the “Subscription Receipts”). Pursuant to the terms of the Subscription Receipt Agreement governing the terms of the Subscription Receipts, proceeds of $38,074,064 have been released from escrow to Salares and each Subscription Receipt was exchanged for 0.35587 of a Talison ordinary share. All previous security holders of Salares now hold comparable securities of Talison (or the equivalent in Talison exchangeable shares) based on the exchange ratio under the Arrangement.

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