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Vision Lithium Inc. — M&A Activity 2020
Jun 22, 2020
43249_rns_2020-06-22_71805044-708a-4547-9492-1ac387be057f.pdf
M&A Activity
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VISION LITHIUM INC. MATERIAL CHANGE REPORT FORM 51-102F3
Item 1. Name and Address
Vision Lithium Inc. (the “ Corporation ”) 1019 boulevard des Pins, 2[nd] Floor Val-d’Or, Quebec J9P 4T2
Item 2. Date of Material Change
June 12, 2020 (the “ Closing Date ”)
Item 3. News Release
The attached news release describes the material change and was disseminated on June 15, 2020.
Item 4. Summary of Material Change
The Corporation completed the arm’s length acquisition (the “ Acquisition ”) of a 100% undivided interest in the Red Brook, Epithermal and Benjamin mineral exploration properties (the “ Properties ”) from 9248-7792 Quebec Inc. (“ 9248 ”) and Prospect Or Corp. (“ POC ” and together with 9248, collectively, the “ Vendors ”) pursuant to the terms and conditions of a definitive purchase agreement between the parties dated May 29, 2020 (the “ Agreement ”).
The three contiguous Properties comprise 17 mineral claims covering 4,760 hectares (47.6 km[2] ) located approximately 60 km West of the mining centre of Bathurst in Northern New Brunswick.
Item 5. Full Description of Material Change
The Corporation completed the Acquisition of the Properties from the Vendors on the Closing Date pursuant to the terms and conditions of the Agreement. Under the Agreement, the Corporation issued 6,000,000 common shares in the share capital of the Corporation (the “ Shares ”) to 9248 and 4,000,000 Shares to POC and granted the Vendors a 2% net smelter return royalty on the Properties, onehalf of which may be repurchased by the Corporation for $1,000,000.
The Shares are subject to a hold period which will expire four months and one day from the date of issuance. The Acquisition was approved by TSX Venture Exchange on June 11, 2020.
Item 6. Reliance on subsection 7.1 (2) of National Instrument 51-102 Not applicable. Item 7. Omitted Information No information has been omitted in respect of this material change. Item 8. Executive Officer Inquiries in respect of this material change report may be made to: Vision Lithium Inc. Yves Rougerie President and Chief Executive Officer Tel: 819-316-0474 Email: [email protected]
Item 9. Date of Report June 22, 2020.
SCHEDULE A
VISION LITHIUM COMPLETES ACQUISITION OF 3 PROPERTIES IN NEW BRUNSWICK
Val-d’Or, Québec, June 15, 2020 – Vision Lithium Inc. (TSXV: VLI) (OTC PINK: ABEPF) (the “ Company ” or “ Vision Lithium ”) is pleased to announce the closing of its acquisition (the “ Transaction ”) of a 100% undivided interest in the Red Brook, Epithermal and Benjamin mineral exploration properties (the “ Properties ”) from 9248-7792 Quebec Inc. and Prospect Or Corp. pursuant to the terms and conditions of the purchase agreement between the parties, previously announced on June 3, 2020. The three contiguous Properties comprise 17 mineral claims covering 4,760 hectares (47.6 km[2] ) located approximately 60 km West of the mining centre of Bathurst in Northern New Brunswick.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on exploring and developing high quality mineral assets including gold, copper and lithium in safe jurisdictions, primarily in Canada. The Company is led by skilled and qualified mineral exploration experts and business professionals. Vision Lithium is committed to discovering new world class assets and bringing these assets to production, starting with the Dôme Lemieux copper-zinc property in Quebec’s Gaspé region, its polymettalic properties in New Brunswick, and the Sirmac lithium property located in Northern Quebec.
For further information on the Company, please visit our website at www.visionlithium.com or contact us at [email protected].
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For additional information regarding the Transaction, please contact:
Victor Cantore Yves Rougerie Executive Chairman President and Chief Executive Officer Tel: 514-831-3809 Tel: 819-316-0474 Email: [email protected] Email: [email protected]