Canada:
Ganfeng Lithium Acquires Remaining Stake In Mariana Project From Joint Venture Partner
27 October 2021
Gowling WLG
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On October 20, 2021, Ganfeng Lithium announced that its
wholly-owned subsidiary Ganfeng Lithium Netherlands CO.,B.V., had
completed its acquisition of the remaining 8.58% shares that it did
not already own in Litio Minera Argentina S.A. from joint venture
partner International Lithium Corp.
The transaction amount was US$3.178 million, consisting of a net
cash consideration of US$10 million being US$13.17 million less
principal and interest on an exploration loan of US$3.17
million.
Linda Hogg of Gowling WLG advised Ganfeng Lithium with respect
to this acquisition.
Read the original article on
GowlingWLG.com.
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