Pocml 6 Approves Lithium Ionic Go-Public Transaction and Other Matters at Annual & Special Meeting
POCML 6 APPROVES LITHIUM IONIC GO-PUBLIC TRANSACTION AND OTHER
MATTERS AT ANNUAL & SPECIAL MEETING
Toronto, Ontario, April 8, 202 2 –POCML 6 Inc. (TSXV: POCC.P) (the “ Company” or
“POCML6”), is pleased to announce that its shareholders have approved all items of business
brought before them at the Company’s annual and special meeting of shareholders (the “Meeting”)
held on March 28, 2022 , including several items of business relating to the Company’s proposed
qualifying transaction (the “Proposed Transaction”) with Lithium Ionic Inc. (“Lithium Ionic”).
Lithium Ionic owns a 100% ownership interest in the Itinga lithium project (the “Itinga Project”)
located in Minas Gerais State (MG), Brazil, part of the prolific Aracuai lithium province. The Itinga
Project is comprised of five mineral licenses covering more than 1,300 hectares, a portion of which
is between the CBL Lithium Mine (the “CBL Mine”), and the Barreiro and Xuxa lithium deposits
of Sigma Lithium Corp. (“Sigma”). The CBL Mine has been in operation since 1993 and is Brazil's
only current lithium producer. Sigma's estimated mineral resources, based on their technical
reports, exceed 50 million tonnes of lithium oxide (Li2O) mineralized pegmatite in four depos its.
The Itinga Project area has excellent infrastructure, including access to hydroelectrical grid power,
water, a commercial port, highways and communities. Mineralized structures have been identified
in two areas within the Itinga Project and the remain der of the Itinga Project area remains to be
explored.
A total of 8,280,900 common share of the Company were represented at the Meeting. Shareholders
voted in favour of all matters brought before the Meeting, as follows:
(i) the appointment of the auditors of the Company;
(ii) the approval of the stock option plan of the Company;
(iii) the three nominees proposed by management were elected by shareholders, with the
detailed results for the election of directors of the management proxy votes received,
including those at the Meeting, were as follows:
Nominee Votes For Votes For
(%)
Votes
Withheld
Votes Withheld
(%)
David D’Onofrio 8,280,900 100% Nil 0%
Adam Parsons 8,280,900 100% Nil 0%
Pasquale DiCapo 8,280,000 99.989% 900 0.011%
In addition, shareholders voted in favour of the following items of business relating to the Proposed
Transaction to take effect pursuant to an amalgamation agreement dated February 7, 2022 (the
“Amalgamation Agreement”), between the Company and Lithium Ionic:
(i) change of name of the Company to “Lithium Ionic Corp.” or such other name as the
directors of the Company may approve and may be acceptable to the applicable regulatory
authorities;
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(ii) the consolidation of the common shares of the Company; and
(iii) the six nominees proposed by management, upon completion of the Proposed Transaction,
with the detailed results for the election of directors of the management proxy votes
received, including those at the Meeting, being as follows:
Nominee Votes For Votes For
(%)
Votes
Withheld
Votes Withheld
(%)
Helio Diniz 8,280,000 99.989% 900 0.011%
Patrizia Ferraresa 8,280,900 100% Nil 0%
Blake Hylands 8,280,000 99.989% 900 0.011%
David Gower 8,280,000 99.989% 900 0.011%
Lawrence Guy 8,280,000 99.989% 900 0.011%
Michael Shuh 8,280,000 99.989% 900 0.011%
Further details on the above matters, including the report of voting results thereon, are available on
under the Company’s profile on www.sedar.com.
Transaction Update
The Company has filed a draft filing statement with the TSX Venture Exchange and will provide
further updates on the Proposed Transaction as they become available. Lithium Ionic has provided
notice of their meeting to be held on April 14, 2022 at which the P roposed Transaction and the
Amalgamation Agreement will be put before the shareholders of Lithium Ionic for their approval.
On February 8, 2022, Lithium Ionic and POCML6 closed brokered private placements of
subscription receipts for gross proceeds of $14,000,000 led by Clarus Securities Inc. with a
syndicate that included PowerOne Capital Markets Limited, iA Private Wealth Inc., Haywood
Securities Inc. and Research Capital Corporation.
About Lithium Ionic
Lithium Ionic is a private company which owns a 100% ownership interest in the Itinga Project.
The Itinga Project is located in Minas Gerais State (MG), Brazil. The Itinga Project comprises five
mineral licenses covering more than 1,300 hectares in the prolific Aracuai lithium province. A
portion of the Itinga Project occurs imm ediately south of the CBL Mine, Brazil’s only lithium
producer, and immediately north of the large Barreiro and Xuxa lithiu m deposits of Sigma . The
CBL Mine has been in operation since 1993. Sigma’s estimated mineral resources, based on their
technical reports prepared pursuant to National Instrument 43 -101 - Standards of Disclosure for
Mineral Projects (“NI 43-101”), exceeds 50 million tonnes of lithium oxide (Li2O) mineralized
pegmatite in four deposits.
The Itinga Project area has excellent infrastructure, including access to hydroelectrical grid power,
water, a commercial port, highways and communities. Lithium mineralization (spodumene,
lepidolite, petalite) occurs within a halo of pegmatite dikes and apophyses that occur within the
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rocks surrounding N eoproterozoic granitic intrusions. Mineralization within the mineralized
province and the distribution of the mineralized pegmatites is controlled by a complex and
crosscutting system of northeast and northwest oriented faults that were exploited by the di kes.
Mineralized structures have been identified in two areas within the Itinga Project and the remainder
of the Itinga Project area remains to be explored.
Qualified Person
The technical information in this news release has been prepared by David Gower, a director of
Lithium Ionic, and a “qualified person” as defined in NI 43-101.
For more information, please contact:
From POCML 6 Inc.
David D’Onofrio Director
p:(416) 643-3880
Cautionary Notes
This news release contains certain "forward-looking information" within the meaning of applicable
securities law. Forward looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "esti mate", "may", "will", "would",
"potential", "proposed" and other similar words, or statements that certain events or conditions
"may" or "will" occur. These statements are only predictions. Forward -looking information is
based on the opinions and estimates of management at the date the information is provided, and is
subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward -looking information. For a
description of the risks and uncertainties facing the Company and its business and affairs, readers
should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes
no obligation to update forward-looking information if circumstances or management's estimates
or opinions should change, unless required by law. The reader is cautioned not to place undue
reliance on forward-looking information.