- Ameriwest Lithium (AWLI) has completed its plan of arrangement with ISM Resources Corp. and its new spin-out
- Its shareholders received one new common share of the company and 1/4th of one common share of ISM
- The New Ameriwest Shares began trading on the Canadian Securities Exchange on September 23, 2022, under the stock symbol “AWLI”
- Ameriwest Lithium (AWLI) opened trading at C$0.84 a share
Ameriwest Lithium (AWLI) has completed its plan of arrangement with ISM Resources Corp. and its new spin-out.
Ameriwest’s shareholders received one new common share of the company and 1/4th of one common share of ISM.
For each stock option of Ameriwest, each option will receive one option to purchase from Ameriwest one New Ameriwest Share and 1/4th of one option to purchase from ISM one ISM Share. Also, for each common share purchase warrant of Ameriwest held, each warrant holder will receive one warrant to purchase from Ameriwest, one New Ameriwest Share, 1/4th of one warrant to purchase from ISM and 1/4th of one ISM Share.
The New Ameriwest Shares began trading on the Canadian Securities Exchange on September 23, 2022, under the stock symbol “AWLI.” ISM’s Shares will commence trading on the CSE by September 29, 2022, under the symbol “ISM.”
At the time of listing, Ameriwest has a total of 59,739,289 common shares, 3,045,212 common share purchase warrants and 2,550,000 stock options outstanding.
Ameriwest Lithium Inc. (AWLI) is a Vancouver-based junior mining company focused on identifying lithium mineral resource projects for exploration and development. The company is exploring its 55 sq. km. Railroad Valley property, the 90 sq. km. Edwards Creek Valley, and the 22 sq. km. Deer Musk East property in Nevada. The company is also exploring Arizona’s 11 sq. km. Thompson Valley property.
Ameriwest Lithium (AWLI) opened trading at C$0.84 a share.