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Three Sixty Solar Ltd. — Capital/Financing Update 2020
Dec 23, 2020
42916_rns_2020-12-23_c20251d5-7408-4755-9652-6658a02bbdf8.pdf
Capital/Financing Update
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Form 51–102F3 MATERIAL CHANGE REPORT
Item 1. Name and Address of Company
Liberty One Lithium Corp. (the “ Company ”) 2288 - 1177 W Hastings Street Vancouver, BC V6E 2K3 Item 2. Date of Material Change December 14, 2020 Item 3. News Release
News Release dated December 9, 2020 was disseminated and filed on SEDAR on December 9, 2020.
Item 4. Summary of Material Change
The Company implemented the consolidation (the “Share Consolidation”) of its outstanding common shares (the “Common Shares”) on the basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidated Common Shares, effective as of December 14, 2020. The Company has received TSX Venture Exchange (“TSXV”) approval for the Share Consolidation.
Item 5. Full Description of Material Change
5.1 Full Description of Material Change
The Company implemented the Share Consolidation of its outstanding Common Shares on the basis of one (1) post-consolidation Common Share for every ten (10) preconsolidated Common Shares, effective as of December 14, 2020. The Company has received TSXV approval for the Share Consolidation.
Following the Share Consolidation, the Common Shares continue to be traded on the TSXV under the symbol “LBY”. The Common Shares began trading on a post-consolidation basis at market open on December 14, 2020.
A letter of transmittal has been mailed to all registered shareholders with instructions on how to exchange their existing share certificate(s) for new share certificate(s).
No fractional Common Shares were issued upon the Share Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common
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Share in connection with the Share Consolidation, the number of Common Shares to be received by such shareholder will be rounded down to the next whole number if that fractional Common Share is less than one half (1/2) of a Common Share, and will be rounded up to the next whole number of Common Shares if that fractional Common Share is equal to or greater than one half (1/2) of a Common Share.
The exercise or conversion price of, and the number of Common Shares issuable under, any convertible securities of the Company were proportionately adjusted upon the completion of the Share Consolidation.
5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6. Reliance on subsection 7.1(2) of National Instrument 51–102
Not applicable.
Item 7. Omitted Information
None.
Item 8. Executive Officers
The following senior officer of the Company is knowledgeable about the material change and this Material Change Report and may be contacted:
Brad Nichol, Chief Executive Officer Telephone: 604- 343-4547
Item 9. Date of Report
DATED at Vancouver, BC, this 23[rd] day of December, 2020.