Ameriwest Lithium Announces Results of Annual General and Special Meeting
LEGAL_39259032.2
AMERIWEST LITHIUM INC.
AMERIWEST LITHIUM ANNOUNCES RESULTS OF
ANNUAL GENERAL AND SPECIAL MEETING
Vancouver, BC – July 6, 2022: Ameriwest Lithium Inc. (the “Company” or “Ameriwest”)
(CSE: A WLI) is pleased to announce that at its annual general and special meeting (the
“Meeting”) of shareholders held on July 5, 2022, shareholders of the Company (the
“Shareholders”) voted in favour of a special resolution to approve the plan of arrangement (the
“Arrangement”) with ISM Resources Corp. (“ ISM”), previously announced March 31, 2022,
pursuant to which Ameriwest will separate into two companies with Ameriwest contin uing to be
traded on the Canadian Securities Exchange (the “CSE ”) and with ISM appl ing to have its
common shares listed for trading on the CSE.
In addition to the approval of the Arrangement, all proposed director nominees were duly elected
as directors of the Company for the ensuing year ; that being David Watkinson, Glenn Collick,
James Gheyle, Saman Eskandri and Zygmunt S. Hancyk. The S hareholders also ratified and
approved (i) the appointment of DeVisser Gray LLP as the auditor of the Company, (ii) the
continuation of the Company’s 10% rolling stock option plan , (iii) the adoption of a new form of
option plan and (iv) the adoption of new option plan for ISM.
Holders of a total of 9,877,033 common shares of the Company were represented in person or by
proxy at the Meeting, which constituted a quorum of Shareholders, and represented 17.51% of the
56,415,789 issued and outstanding common shares entitled to vote as of May 6, 2022; the record
date for the Meeting.
The Company is expecting to seek a final order of the British Columbia Supreme Court approving
the Arrangement on July 8, 2022.
Completion of the Arrangement is subject to the satis faction of certain other closing conditions
customary for a transaction of this nature.
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.
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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 sim ilar expressions.
Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause act ual 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, com petitive 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 dat e.
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.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute
a violation of U.S. Securities laws.