Orocobre pairs up with Advantage Lithium
Published: Monday, 28 November 2016
Advantage Lithium will advance Orocobre's exploration projects in the northern provinces of Argentina in a deal that will see Orocobre take over 30% stake in the company.
Orocobre Ltd has agreed to divest a number of its lithium
brine exploration projects in Argentina to Advantage Lithium
In exchange Advantage will issue over 40.6m shares, worth
approximately $37m as of 22 November, to Orocobre, taking the
ASX-listed lithium producer's shareholding in Advantage Lithium
to between 31.1%...