Codelco's Offer For Lithium Power (LPI AU): 23th Jan Shareholder Vote

Dec 21, 2023

∙ Paid

Back on the 18th October, Lithium Power International (LPI AU) announced it had entered into a Scheme Implementation Deed with Chilean state miner Codelco, the world’s largest copper producer.
Codelco offered LPI shareholders A$0.57/share, a hefty 119% premium to last close. LPI’s major shareholder, Minera Salar Blanco SpA with 27.88%, is supportive of the Scheme..
LPI's Scheme Meeting has now been tabled for the 23 Jan, with implementation expected on the 16 February. The IE is supportive and LPIs board unanimously recommends the transaction.

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