Mr. Steven Cochrane reports
GOVERNMENT OF CANADA ADVISES FORMAL REVIEW OF ARIZARO TRANSACTION
The government of Canada, through its Innovation, Science and Economic Development Ministry, has notified China Union Holdings Ltd. it will conduct a formal review of CUH's previously announced intention to acquire all of the outstanding shares of Argentum Lithium SA from Lithium Chile Inc.
The order was provided in accordance with Section 25 of the Investment Canada Act.
CUH has advised Lithium Chile that it is reviewing the order and will advise Lithium Chile on its intended course of action, once determined.
Lithium Chile will provide its stakeholders with updates as additional information becomes available.
About Lithium Chile Inc.
Lithium Chile is an exploration company with a portfolio of 11 properties spanning 106,136 hectares in Chile and 29,245 hectares on the Salar de Arizaro in Argentina. The company has advanced its Arizaro project with the completion of a National Instrument 43-101-compliant resource report, a preliminary economic assessment and a prefeasibility study, which are all accessible on SEDAR+ under Lithium Chile's profile.
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