Edison Lithium Receives Court Approval for Edison Cobalt Spin-Out
Edison Lithium Receives Court Approval for Edison Cobalt Spin-Out
Vancouver, British Columbia, March 4, 202 4 – Edison Lithium Corp. (TSXV: EDDY, OTCQB:
EDDYF; FSE: VV0) (“Edison” or the “Company”) is pleased to announce that on March 1, 2024, the
Supreme Court of British Columbia issued its final order approving the Company’s previously announced
plan of arrangement (the “ Arrangement”) involving its wholly -owned subsidiary , Edison Cobalt Corp .
(“Edison Cobalt”). For details regarding the Arrangement, see the news releases of the Company dated
March 28, 2023, July 13, 2023, November 28, 2023, December 7, 2023, February 1, 2024 and February 27,
2024.
The Company will announce the share distribution record date and the exact number of Edison Cobalt
shares issuable at a later date . The Arrangement remains subject to final acceptance by the TSX Venture
Exchange (“TSXV”).
Edison Cobalt has applied to l ist its shares on the TSX V, subject to Edison Cobalt meeting all listing
requirements.
About Edison Lithium Corp.
Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement,
exploration and development of cobalt, lithium, alkali and other energy metal properties. The Company’s
acquisition strategy is based on acquiring affordable, cost-effective, and highly regarded mineral properties
in areas with proven geological potential. Edison is building a portfolio of quality assets capable of
supplying critical materials to the battery industry and intends to capitalize on and have its shareholders
benefit from the renewed interest in the battery metals space.
On behalf of the Board of Directors:
“Nathan Rotstein”
Nathan Rotstein
Chief Executive Officer and Director
For more information please contact:
Tel: 416-526-3217
Email: [email protected]
Website: www.edisonlithium.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Disclaimer: This news release contains certain forward -looking statements. Statements
that are not historical facts, including statements about Edison’s beliefs and expectations, are forward -
looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of
factors could cause actual results to differ materially from those contained in any forward -looking
statement. In some cases, forward-looking statements can be identified by words or phrases such as “ may,”
“will,” “will be”, “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,”
“potential,” “continue,”, “proposes”, “contemplates”, “is/are likely to” or other similar expressions. All
information provided in this news release is as of the date of this news, and the Company undertakes no
duty to update such information, except as required under applicable law. Forward-looking statements in
this press release relate to, among other things: the announcement of the share distribution record date, the
determination of the amount of Edison Cobalt shares to be issued for each Company share and Edison
Cobalt listing on the TSX V. There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such statements. Forward-
looking statements reflect the beliefs, opinions and projections of management on the date the statements
are made and are based upon a number of assumptions and estimates that, while considered reasonable by
the respective parties, are inherently subject to significant business, economic, competitive, political and
social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or achievements that
are or may be expressed or implied by such forward -looking statements and the parties have made
assumptions and estimates based on or related to many of these factors. Such factors include, without
limitation: TSX Venture Exchange approval to list the Edison Cobalt shares . Readers should not place
undue reliance on the forward -looking statements and information contained in this news release
concerning these times. Except as required by law, the Company does not assume any obligation to update
the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except
as required by law.