Highly Certain Cash Payment to Alpha Shareholders Otherwise Exposed to Risk as Owners of an Early-Stage Lithium Exploration Company Tecpetrol is a Credible Transaction Party with a Clear
VANCOUVER, British Columbia, May 23, 2023 Alpha Lithium Corporation , wishes to comment on the announcement by Tecpetrol Investments S.L. of its unsolicited and non-binding offer to acquire. | May 23, 2023
Tecpetrol Investments, a member of the Techint Group, on Monday went public with news that it had approached Alpha Lithium with an all-cash offer, which the Canada-headquartered firm reportedly “refused to consider”.
Spain-incorporated Tecpetrol said it had presented Alpha, which produces lithium hydroxide and carbonate from Tolilar Salar, Argentina, with a C$1.24-a-share proposal on May 15.