Dajin Lithium Corp. Announces Consolidation of Shares
NEWS RELEASE
DAJIN LITHIUM CORP. ANNOUNCES CONSOLIDATION OF SHARES
Vancouver, BC – August 25, 2021 – Dajin Lithium Corp. (“Dajin”) (TSXV: DJI) (OTCQB: DJIFF)
(FSE: C2U1) wishes to report that Dajin has received TSX Venture Exchange (the “Exchange”)
approval for the consolidation of its outstanding common shares on the basis of one (1) post -
consolidated common share for every ten (10) pre -consolidated common shares held (the
“Consolidation”).
Effective at the opening of trading on August 27, 2021, the post-consolidated common shares of
Dajin Lithium Corp. (DJI-V) will commence trading on the TSX Venture Exchange.
A letter of transmittal with respect to the Consolidation has been mailed to registered shareholders
of the company. All registered shareholders with physical certificates will be required to send
their respective certificates representing pre -consolidated common shares along with a
completed letter of transmittal to the company’s transfer agent, Odyssey Trust Company
(“Odyssey”), in accordance with the instructions provided in the letter of transmittal. All
shareholders who submit a duly completed letter of transmittal along with their respective pre -
consolidated common share certificate(s) to Odyssey, will receive a post -consolidated share
certificate.
Fractional post -consolidation common shares will not be issued to shareholders . W here the
Consolidation would otherwise result in a shareholder being entitled to a fractional common share,
the number of post -consolidation common shares issued to such shareholder shall be rounded
up to the next greater whole number of common shares if the fractional entitlement is equal to or
greater than 0.5 and shall be rounded down to the next lesser whole number of common shares
if the fractional entitlement is less than 0.5. In calculating such fractional interests, all common
shares held by a beneficial holder shall be aggregated.
About Dajin Lithium
Dajin Lithium Corp. is a Lithium exploration company with brine -based Lithium exploration
projects located in Argentina and Nevada. Dajin has announced exceptional Lithium brine assay
results from 25 shallow pits ranging from 281 mg/litre to 1,353 mg/litre, averaging 591 mg/litre on
the Salinas Grandes salar in Jujuy province, Argentina (geochemical map). Dajin holds a 49%
Joint Venture interest in 230,000 acres in Jujuy province with Litica Resources S.A., an operating
subsidiary of Pluspetrol Resources Corporation, a major international Argentinian oil and gas
company.
In Nevada, Dajin holds a 100% interest in 403 placer mining claims covering 7,914 acres in the
Teels Marsh valley of Mineral County, Nevada. Dajin has acquired the water rights in the Teels
Marsh valley and has received all of the necessary permits for drilling, with engineered access
roads and two large drill pads constructed. Dajin holds an earn-in agreement with Lone Mountain
Resources LLC, an affiliate of Lilac Solutions, Inc., to earn a 75% interest in Dajin’s 100% owned
Alkali Lake lithium project located 7 miles from Albemarle’s Silver Peak Lithium brine operation in
Clayton Valley, Esmeralda County, Nevada.
Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term
is defined in the polices of the TSX Venture Exchange) has in any way passed upon the
merits of the Consolidation and associated transactions and neither of the foregoing
entities accepts responsibility for the adequacy or accuracy of this news release or has in
any way approved or disapproved of the contents of this news release.
For further information contact: Brian Findlay, President & CEO , Telephone: (604) 681-6151,
Fax (604) 689-7654, Email: [email protected]
Cautionary Statements
This news release contains “forward -looking information” and “forward -looking statements”
(collectively, “forward -looking statements”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of historical fact, are forward-looking
statements and are based on expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions, future events or performance (often but not always
using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates ” or “does not
anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or
variations of such words and phrases or stating that certain actions, events or results “may” or
“could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical
fact and may be forward -looking statements. In this news release, forward -looking statements
relate to, among other things, the Consolidation and the timing of the commencement of trading
of the post -consolidated shares on the Exchange . Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed or implied by such forward -
looking statements. There can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materiall y from those anticipated in such
statements. Accordingly, readers should not place undue reliance on the forward -looking
statements and information contained in this news release. Except as required by law, the
Company assumes no obligation to update the f orward-looking statements of beliefs, opinions,
projections, or other factors, should they change, except as required by law.