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Oakham Capital Corp.
Summary
| Project: | Four Lithium Exploration Properties | |
|---|---|---|
| Deposit: | Four Lithium Exploration Properties | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 2/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-2-2017: Oakham Capital Corp. announces a Supporting Acquisition report for its Four Lithium Exploration Properties deposit at the Four Lithium Exploration Properties project. Re-filed and amended technical report on properties correcting formatting erro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald H. Hains (Hains Engineering Company Ltd.) | |
| ABSTRACT: | Don Hains, P. Geo., President of Hains E ngineering Company Limited, was retained by LSC Lithium Inc. ( LSC), to p repare an ind ependent technical report (the Technical Report) in conformance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101, Form 43-101F1 and NI 43-101CP) on four prospective lithium brine properties acquir ed by LSC in Argentina ( the Properties) located on salar Rio Grande, salar Jama, salar Pastos Grandes and salar Salinas Grandes in the provinces of Salta and Jujuy, northwestern Argentina. On October 26, 2016 LSC entered into an Amalgamation Agreement (the Amalgamation Agreement) with Oakham Capital Corp. ( Oakham) under which LSC will com plete a three-corner amalgamation (Amalgamation) pursuant to which (i) LSC will am algamate with a subsidiary of Oakham (1093470 B.C. Ltd.) to form a new entity (Amalco), (ii) each outstanding common share of LSC will be exchanged for one post-consolidation common share of Oakham (the current Oakham common shares will be consolidated on a 6.5:1 basis before completion of the Amalgamation), (iii) each outstanding common share of 1093470 B.C. Ltd. will be exch anged for one common share of Amalco, and (iv) Oakham will change its n ame to “LSC Lithium Corporation” (LSC Lithium). Upon closing of the Amalgamation and satisfaction of various cond itions precedent, including TSX Venture Exchange (TSX-V) approvals, LSC Lithium’s common shares will be listed on the TSXV. The Amalgam ation will constitute Oakham’s “ Qualifying Transaction” under the TSX-V rules. | |
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