Sirocco and Canada Lithium Announce New Proposed Name for Canada Lithium
January 21 2014 - 7:26AM
Marketwired
Sirocco and Canada Lithium Announce New Proposed Name for Canada
Lithium
TORONTO, CANADA--(Marketwired - Jan 21, 2014) - Sirocco Mining
Inc. ("Sirocco") (TSX:SIM) and Canada Lithium Corp. ("Canada
Lithium") (TSX:CLQ)(OTCQX:CLQMF) jointly announce that the new
proposed name for Canada Lithium upon completion of the arrangement
transaction between Sirocco and Canada Lithium (the "Arrangement")
will be RB Energy Inc. (including a French form of such name,
Énergie RB Inc.").
As set out in the notice of meeting and management information
circular dated December 24, 2013 of Canada Lithium (the
"Circular"), at the special meeting of shareholders of Canada
Lithium to be held on January 28, 2014 (the "CLQ Meeting"), such
shareholders will be asked to consider and if thought fit approve,
with or without variation, a special resolution authorizing and
approving a name change of Canada Lithium in connection with the
completion of the Arrangement. The Circular indicates that the
proposed name is "Li-On Minerals Inc." Canada Lithium has however
determined that it is in the best interests of Canada Lithium that
the proposed name to be presented to its shareholders at the CLQ
Meeting instead be "RB Energy Inc." (including a French form of
such name, "Énergie RB Inc."). Canada Lithium will not be mailing
new forms of proxy or voting instruction forms and shareholders are
advised that a vote for the special resolution authorizing and
approving a name change to "Li-On Minerals Inc." will be a vote for
a name change to "RB Energy Inc." (including "Énergie RB
Inc.").
Further information regarding the Arrangement, including the
matters to be considered at the special meetings of shareholders of
Sirocco and Canada Lithium to be held in connection with the
Arrangement, is contained in the management information circulars
dated December 24, 2013 that Sirocco and Canada Lithium have sent
to their respective shareholders in connection with their
respective special meetings. Such management information circulars
are also available on SEDAR at www.sedar.com. Sirocco and Canada
Lithium shareholders are respectively urged to carefully read the
Sirocco and Canada Lithium management information circulars as they
contain additional important information concerning the
Arrangement.
The information agent for the Arrangement is Kingsdale
Shareholder Services Inc. ("Kingsdale"). Questions and requests for
assistance, including requests for additional information, may be
directed to Kingsdale at 1-866-581-0510 or by email at:
contactus@kingsdaleshareholder.com.
About Sirocco
Sirocco is a Canadian company which produces iodine from its
Aguas Blancas mine in northern Chile. In addition, Sirocco has
exploration interests in West Africa and is actively assessing
other opportunities in the resource sector. For more information
regarding Sirocco, please refer to Sirocco's public filings
available at www.sedar.com and www.siroccomining.com including, in
particular, Sirocco's Management's Discussion and Analysis for the
year ended December 31, 2012, its Annual Information Form for the
year ended December 31, 2012 and its Management's Discussion and
Analysis for the three-month and nine-month periods ended September
30, 2013.
About Canada Lithium
Canada Lithium holds a 100% interest in the Québec Lithium
Project near Val d'Or, the geographical heart of the Québec mining
industry. It has completed construction and is in the commissioning
phase of an open-pit mine and on-site processing plant with
estimated capacity to produce approximately 20,000 tonnes of
battery-grade lithium carbonate annually. For more information
regarding Canada Lithium, please refer to Canada Lithium's public
filings available at www.sedar.com and www.canadalithium.com
including, in particular, Canada Lithium's Management's Discussion
and Analysis for the year ended December 31, 2012, its Annual
Information Form for the year ended December 31, 2012 and its
Management's Discussion and Analysis for the three-month and
nine-month periods ended September 30, 2013.
Forward-Looking Statements
Certain information contained in this news release, including
any information relating to the proposed Arrangement and each
issuer's future financial or operating performance may be deemed
"forward-looking". These statements relate to future events or
future performance and reflect each issuer's expectations regarding
the Arrangement, and the future growth, results of operations,
business prospects and opportunities of Sirocco, Canada Lithium and
the combined company. These forward-looking statements also reflect
each issuer's current internal projections, expectations or beliefs
and are based on information currently available to Sirocco or
Canada Lithium, respectively. In some cases forward-looking
information can be identified by terminology such as "may", "will",
"should", "expect", "intend", "plan", "anticipate", "believe",
"estimate", "projects", "potential", "scheduled", "forecast",
"budget" or the negative of those terms or other comparable
terminology. Assumptions upon which such forward looking
information regarding completion of the Arrangement and the related
name change of Canada Lithium (the "Name Change") are based include
that Sirocco and Canada Lithium will be able to satisfy the
conditions to the Arrangement and the Name Change, that the
required approvals will be obtained from the shareholders of each
issuer, as applicable, that all third party regulatory and
governmental approvals to the Arrangement and the Name Change will
be obtained and all other conditions to completion of the
Arrangement and the Name Change will be satisfied or waived.
Although Sirocco and Canada Lithium believe that the
forward-looking information contained in this news release is based
on reasonable assumptions, readers cannot be assured that actual
results will be consistent with such statements. Accordingly,
readers are cautioned against placing undue reliance on
forward-looking information. Sirocco and Canada Lithium expressly
disclaim any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, events or otherwise, except in accordance with
applicable securities laws.
Sophia ShaneSirocco Mining Inc.(604)
689-7842sophias@namdo.comcwww.siroccomining.comOlav SvelaDirector,
Investor RelationsCanada Lithium Corp.(416)
479-4355osvela@canadalithium.comLaurence A. LachanceRenmark
Financial Communications Inc.(416)
644-2020llachance@renmarkfinancial.comThe Information
Agent:Kingsdale Shareholder Services
Inc.1-866-581-0510contactus@kingsdaleshareholder.com