Ameriwest Lithium Announces Court Approval of the Plan of Arrangement
Ameriwest Lithium Announces Court Approval of the Plan of Arrangement
VANCOUVER, British Columbia, July 11, 2022 -- Ameriwest Lithium Inc. ( the “Company” or “Ameriwest”) (CSE: AWLI)
today announced that it has received approval from the Supreme Court of British Columbia of the statutory plan of arrangement
under section 288 of the Business Corporations Act (British Columbia) (the “Arrangement ”), pursuant to which Ameriwest will
separate into two companies with Ameriwest continuing to be traded on the Canadian Securities Exchange (the “ CSE”) and
with ISM Resources Corp. applying to have its common shares listed for trading on the CSE.
Assuming that the remaining conditions to closing are satisfied and the necessary regulatory approvals are obtained, it is
expected that the closing of the Arrangement will be completed in the third quarter of 2022.
About Ameriwest Lithium Inc.
Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource
projects for exploration and development. The Company is currently focused on exploring its 13,580-acre Railroad Valley
property, the 22,210-acre Edwards Creek Valley, and the 5,600-acre Deer Musk East property in Nevada. In addition, the
Company is exploring the 2,860-acre Thompson Valley property in Arizona.
On Behalf of the Board of Directors
Glenn Collick
Chief Operating Officer and director
For further information, please contact:
Glenn Collick
Chief Operating Officer and a director
(778) 868-2226
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and
has neither approved nor disapproved the contents of this news release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward ‐looking information. Forward‐looking information is
often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”,
“should”, and similar expressions. Forward ‐looking information involves known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those anticipated in such forward ‐looking information.
The Company’s actual results could differ materially from those anticipated in this forward ‐looking information as a result of
regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions,
changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company.
The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can
be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon.
Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof,
and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward ‐
looking information whether as a result of new information, future events or otherwise, except as required by applicable
securities legislation.
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