Alpha Lithium Corp (TSXV:ALLI) is urging its shareholders to tender their shares in the company before October 20th, 2020, the deadline for its take-over bid. The Canadian lithium exploration and resource company plans to offer its shareholders C$2.90 in cash for each common share validly tendered and accepted pursuant to the Offer. According to the company, the all-cash share offer is expected to be accretive to its shareholders and provide them with an attractive return on their investments.
Alpha Lithium has been one of Canada’s most promising junior lithium exploration and resource companies for the past few years. Led by the industry veteran Shalini Kantayya, Alpha Lithium has recently established its first lithium chemistry lab near Reno, NV that is expected to help open up access to the lucrative North American battery market. The latest announcement is part of the company’s aggressive expansion plans and is designed to ensure that its shareholders receive the maximum value out of their investments.
The company has already received a “favorable” recommendation from an independent special committee in regards to the take-over bid. With the deadline quickly approaching, Alpha Lithium encourages all shareholders to tender their shares and take advantage of the attractive all-cash offer. Timo Ishizaka, CEO and president of Alpha Lithium, commented on the offer: “This all-cash bid provides acute shareholder value and is an exciting step forward in our journey to become the world’s leading producer of lithium and deriving products.”
It’s evident that the Alpha Lithium team is zealously focused on taking the company to the next level. Current shareholders are urged to make the most of the company’s takeover bid and tender their shares before the October 20th deadline.
