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Recently, Jiangxi Ganfeng Lithium Industry Co.
, Ltd.
issued an announcement that the board of directors of the company reviewed and approved the "Regarding the tender offer of Ganfeng International or its wholly-owned subsidiary to Canadian Millennial Company involving mining rights investment" on July 16.
"Proposal", agreeing to the wholly-owned subsidiary Ganfeng International Co.
, Ltd.
(Ganfeng International) or its wholly-owned subsidiary to make a tender offer for Canada Millennial with its own funds
.
The announcement showed that the stock price of the transaction was 3.
60 Canadian dollars per share, and the transaction amount did not exceed 353 million Canadian dollars
.
Before the completion of the transaction, Ganfeng Lithium did not hold the equity of Millennial of Canada; after the completion of the transaction, Ganfeng International or its wholly-owned subsidiary will hold no more than 100% of the equity of Millennial of Canada
It is reported that Millennial is a company registered under the laws of British Columbia, Canada and listed on the Growth Enterprise Market of the Toronto Stock Exchange.
It was established on March 7, 2005.
It is mainly engaged in the acquisition, exploration and development of lithium mining rights, with the goal of becoming a lithium battery industry.
Competitive supplier
.
Millennial’s main assets are the Pastos Grandes lithium salt lake project in Salta Province, Argentina and the Cauchari East lithium salt lake project in Jujuy Province, Argentina
It is worth noting that the subject of this transaction of Ganfeng Lithium is 100% of Millennial's equity
.
The mining rights for the above two projects are still under the name of Proyecto Pastos Grandes SA, Millennial's wholly-owned Argentine subsidiary, and do not involve the transfer of mining rights
