Zijin Mining Group Company Stock News

State-owned Zijin Minings $960-million acquisition of Canadian lithium development company Neo Lithium Corp. has garnered criticism for lack of national security

TORONTO , Dec. 10, 2021 /CNW/ - Neo Lithium Corp. (" Neo Lithium " or the " Company ") (TSXV: NLC ) (OTCQX: NTTHF ) (FSE: NE2) is pleased to announce that shareholders of the Company approved the previously-announced plan of arrangement (the " Transaction ") with Zijin Mining Group Co., Ltd. (the " Parent ") and its wholly-owned subsidiary 2872122 Ontario Limited (together with the Parent, " Zijin "), at a special meeting of shareholders held today for that purpose. Zijin will acquire all of the issued and outstanding common shares of the Company (" Common Shares ") by way of a statutory plan of arrangement under the Business Corporations Act ( Ontario ). Each Neo Lithium shareholder will receive cash consideration of C$6.50 for each Common Share held upon the closing of the Transaction. The detailed voting results regarding approval of the special resolution in connection with the Transaction are as follows: A total of 52,609,268 votes were cast by holders of Common Shares, representing 37.20% of the total issued and outstanding Common Shares.

Aiming for underground mining by mid next year, Zijin Mining Company has embarked on infrastructural works, Director of Cor-porate Office, Compliance, and

Zijin Mining issued an announcement stating that the board of directors agreed to internally approve the construction of a 500,000 mt/year copper smelter project by Kamoa-Kakula Copper Project in Democratic Republic of the Congo (DRC).

TORONTO , Nov. 18, 2021 /CNW/ - Neo Lithium Corp. (" Neo Lithium " or the " Company ") (TSXV: NLC ) (OTCQX: NTTHF ) (FSE: NE2) is pleased to announce that it has filed and mailed its management information circular and related proxy materials (" Meeting Materials ") for the special meeting (the " Meeting ") of shareholders of the Company (" Shareholders ") to be held in connection with the proposed plan of arrangement (the " Arrangement ") between the Company, Zijin Mining Group Co., Ltd. (the " Parent ") and its wholly-owned subsidiary 2872122 Ontario Inc. (the " Purchaser ", and collectively with the Parent, " Zijin "), as previously announced on October 8, 2021 . The Meeting Materials have been filed under the Company''s profile on SEDAR at www.sedar.com . The Arrangement Under the terms of the Arrangement, the Purchaser will acquire all of the outstanding common shares of the Company (each, a " Common Share ") for cash consideration of C$6.50 per Common Share by way of a statutory plan of arrangement under the Business Corporations Act ( Ontario ).