Sirocco Mining Inc. (TSX:SIM) and Canada Lithium Corp. (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 will be RB Energy Inc. (including a French form of such name, Energie RB Inc.”).
As set out in the notice of meeting and management information circular dated December 24, 2013 of Canada Lithium at the special meeting of shareholders of Canada Lithium to be held on January 28, 2014 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, “Energie 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 “Energie 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: firstname.lastname@example.org.
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 Quebec Lithium Project near Val d’Or, the geographical heart of the Quebec 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.
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