|Bid||0.02 x 0|
|Ask||0.02 x 0|
|Day's Range||0.02 - 0.02|
|52 Week Range||0.01 - 0.07|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
AlkaLi3 Resources Inc. (“AlkaLi3” or the “Corporation”) (ALK-H.V), announces that it has entered into an arm's length non-binding letter of intent effective as of April 25, 2018 (the "LOI") with Loop Insights Inc. (“Loop”), a private British Columbia corporation, whereby AlkaLi3 will acquire all of the issued and outstanding securities of Loop by way of a share exchange, amalgamation or such other form of business combination as the parties may determine (the "Transaction"). The LOI sets out the principal terms and conditions upon which AlkaLi3 and Loop will complete the Transaction, pursuant to which AlkaLi3 will acquire all of the issued and outstanding shares in the capital of Loop (“Loop Shares”) from the holders thereof in consideration of the issuance of an aggregate of 40,000,000 common shares in the capital of AlkaLi3 (“AlkaLi3 Shares”), representing a currently anticipated exchange ratio of 1.1272337 post-consolidation AlkaLi3 Shares for each Loop Share held.
VANCOUVER , April 25, 2018 /CNW/ - The following issues have been halted by IIROC: Company: AlkaLi3 Resources Inc. TSX-Venture Symbol: ALK.H Reason: At the Request of the Company Pending News Halt Time ...