Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) Completes Successful Spin Out of Copper/Gold/Silver Property

June 6, 2018 12:27:59
  • LTMCF’s subsidiary, Kairos Metals, will assume ownership of the company’s copper/gold/silver portfolio
  • Lithium Chile owns properties in 14 salars and one laguna complex, covering 152,900 hectares
  • Salar de Atacama is the source of 35 percent of global lithium production
  • Global demand for lithium-ion batteries is forecast to surpass $53 billion by 2024

Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF), a Canada-based company focused primarily on advancing its lithium property portfolio, announced on May 9, 2018, that it had completed the “spin out” transaction of its subsidiary, Kairos Metals Corporation. Kairos Metals will operate as a stand-alone company with ownership of the copper/gold/silver property portfolio previously held within Lithium Chile (

In terms of the transaction arrangement, each Lithium Chile shareholder will receive one common share of Kairos Metals for every four common shares of Lithium Chile held on May 7, 2018. This arrangement remains subject to the final approval of the…

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