Talison Obtains Court Approval on Tianqi Schemes

Talison Lithium Limited (TSX:TLH) announced that the Federal Court of Australia has already granted the approval of the Tianqi Schemes today.

As quoted in the press release:

The Tianqi Schemes contemplate that Windfield Holdings Pty Ltd, an Australian incorporated subsidiary of Chengdu Tianqi Industry (Group) Co., Ltd (together “Tianqi”) will acquire the balance of the ordinary shares in the capital of Talison (“Shares”) that it does not already own through a scheme of arrangement for cash consideration of C$7.50 (“Share Scheme”) and 100% of the options to acquire Shares (“Options”) through an option scheme of arrangement for cash consideration of C$7.50 per Option less the exercise price for that Option (“Option Scheme”).

Click here to read the full Talison Lithium Limited (TSX:TLH) press release.