Winsome Resources Limited (ASX: WR1) has acknowledged that Li-FT Power Ltd. (TSXV: LIFT) has entered into a binding project acquisition agreement with Azimut Exploration Inc. to purchase Azimut’s 50 per cent stake in the Galinée Property, subject to the fulfilment of standard conditions. The agreement relates to exclusive exploration tenure over the Galinée Project and represents a meaningful step toward full consolidation of the asset. Winsome noted that the signing of this agreement satisfies a key condition outlined in the previously announced binding scheme implementation deed between Winsome and Li-FT.
Under the proposed transaction, Li-FT intends to acquire all issued shares and options of Winsome through Australian court-approved schemes of arrangement in accordance with the Corporations Act. Securing greater control over the Galinée Project enhances Li-FT’s exposure to the James Bay lithium region and reinforces the strategic logic underpinning the proposed merger. Completion of the Galinée acquisition and the broader Winsome transaction remains subject to regulatory approvals and the satisfaction of remaining customary conditions.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Definitive Galinée Agreement Supports Proposed Winsome–Li-FT Transaction
Winsome Resources Limited (ASX: WR1) has acknowledged that Li-FT Power Ltd. (TSXV: LIFT) has entered into a binding project acquisition agreement with Azimut Exploration Inc. to purchase Azimut’s 50 per cent stake in the Galinée Property, subject to the fulfilment of standard conditions. The agreement relates to exclusive exploration tenure over the Galinée Project and represents a meaningful step toward full consolidation of the asset. Winsome noted that the signing of this agreement satisfies a key condition outlined in the previously announced binding scheme implementation deed between Winsome and Li-FT.
Under the proposed transaction, Li-FT intends to acquire all issued shares and options of Winsome through Australian court-approved schemes of arrangement in accordance with the Corporations Act. Securing greater control over the Galinée Project enhances Li-FT’s exposure to the James Bay lithium region and reinforces the strategic logic underpinning the proposed merger. Completion of the Galinée acquisition and the broader Winsome transaction remains subject to regulatory approvals and the satisfaction of remaining customary conditions.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au