POCML 6 Announces Name Change to Lithium Ionic Corp. and Consolidation
POCML 6 Announces Name Change to Lithium Ionic Corp. and Consolidation
TORONTO, ON / May 17, 2022 / POCML 6 Inc. (TSXV: POCC.P) (the “Company”), a Capital Pool
Company, as defined in the policies of the TSX Venture Exchange (the “TSXV”), is pleased to
announce that, in connection with its previously announced “Qualifying Transaction ” (the
“Transaction”) pursuant to TSXV Policy 2.4 - Capital Pool Companies with Lithium Ionic Inc., has
filed articles of amendment to change its name to “ Lithium Ionic Corp.” (the “Name Change”) and
consolidate its issued and outstanding common shares (“ Common Shares”) on the basis of one
(1) pre -consolidation Common Shares for 0.614 504368 post -consolidation Common Share (the
“Consolidation”). The Name Change and Consolidation were approved by shareholders of the
Company at its annual and special meeting held on March 28, 2022. In connection with the Name
Change and Consolidation, the Company has reserved a new CUSIP ( 53680V107) and ISIN
(CA53680V1076).
Following the Consolidation, the Company will have 7,500,000 Common Shares outstanding. Any
fractional Common Shares that would have otherwise been issued have been rounded down to the
nearest whole number. The change in the number of issued and outstanding Common Shares
resulting from the Consolidation will not affect any shareholder’s percentage ownership in the
Company, although such ownership will be represented by a smaller number of Common Shares.
No action will be required by existing shareholders with respect to the Name Change and
Consolidation. The Company encourages any shareholder with any questions or concerns to
contact the Company or to discuss any of the foregoing with their broker or agent.
About POCML 6 Inc.
The Company was incorporated under the Business Corporations Act (Ontario) on December 21,
2020, and is a C apital Pool C ompany listed on the TSX V. The Company has no commercial
operations and has no assets other than cash. The only business of the Company is to identify and
evaluate assets or businesses with a view to completing a Qualifying T ransaction, in accordance
with Policy 2.4 of the TSXV.
About Lithium Ionic Inc.
Lithium Ionic is a private company existing under the laws of the Province of Ontario and is in the
business of mineral resource exploration and development. Lithium Ionic’s principal asset is its
100% interest in the Itinga Project located in Minas Gerais State (MG), Brazil.
For further information:
POCML 6 Inc.
David D’Onofrio
Director
(416) 643-3880
Lithium Ionic Inc.
Lawrence Guy
Director
416-930-7660
Cautionary Note Regarding Forward-Looking Statements
The TSXV has in no way passed upon the merits of the Transaction and has neither
approved nor disapproved the contents of this press release.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains statements that constitute “forward looking statements.” Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may
cause the Company ’s actual results, performance or achievements, or developments to differ
materially from the anticipated results, performance or achievements expressed or implied by such
forward-looking statements. There can be no assurance that such statements will prov e to be
accurate and actual results, and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from the
Company's expectations include the failure to satisfy the conditions to completion of the
Transaction set forth above and other risks detailed from time to time in the filings made by the
Company pursuant to applicable Canadian securities laws.
Although the Company believes, in light of the experience of its officers and directors, current
conditions and expected future developments and other factors that have been considered
appropriate that the expectations reflected in this forward -looking information are reasonable,
undue reliance should not be placed on them because the Company can give no assurance that
they will prove to be correct. When used in this press release, the words “estimate”, “project”,
“belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these
words or such variations thereon or comparable terminology are intended to identify forward -
looking statements and information. The forward-looking statements and information in this press
release include information relating to the business plans of the Resulting Issuer, t he listing of
Resulting Issuer shares on the TSXV and the completion of the Transaction. Such statements and
information reflect the current view of the Company. Risks and uncertainties that may cause actual
results to differ materi ally from those contemplated in those forward -looking statements and
information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed
or implied by such forward-looking statements. Such factors and risks include, among others: (a)
following completion of the Transaction, the Company may require additional financing from time
to time in order to continue its operations which may not be available when needed or on
acceptable terms and conditions acceptable; (b) compliance with government regulation; (c)
domestic and foreign laws and regulations could adversely affect the Company's business and
results of operations; (d) the stock markets have experienced volatility that often has been
unrelated to the performance of companies and these fluctuations may adversely affect the price
of the Company's securities, regardless of its operating performance; (e) the impact of COVID-19;
and (f) the potential inability of the Company and Lithium Ionic to complete the Transaction.
The forward-looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward-looking information and should not rely
upon this information as of any other date. The Company undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates or opinions, or other
factors, should change.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any
securities in the United States. The Company's securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the " U.S. Securities Act") or any
state securities laws and may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES