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Ameriwest Lithium Completes Arrangement Plan, The Canadian Business Journal

VANCOUVER, British Columbia, September 23, 2022 (GLOBE NEWSWIRE) — Ameriwest Lithium Co., Ltd. (“Company” Also “amelie west”) (CSE: AWLI) We are pleased to announce the completion of our arrangement plan (“Arrangement”) The Company, ISM Resources Corp. (“doctrine”) and pursuant to an agreement with our shareholders, we have completed the spin-out of ISM.

As a result of the arrangement, among other things, Ameriwest shareholders (“shareholder”) will be exchanged for one share of new Ameriwest common stock (“New Ameriwest Share”) and one-fourth of one share of ISM common stock (“ISM share”) for each share of Ameriwest common stock held by such shareholder immediately prior to the closing of the Arrangement. Also in connection with this arrangement: (a) for each stock option held by AmeriWest, each option receives from AmeriWest his one option to purchase one new AmeriWest share; (“New Ameriwest Option) and one-fourth (1/4) of one option to purchase one ISM share from ISM; You will receive 1 Warrant to purchase 1 New Ameriwest from share (“New Ameriwest Warrant”) and one quarter (1/4) of one Warrant can be used to purchase one quarter of one ISM Share from ISM. The exercise price of ISM’s stock options and common stock purchase warrants will be determined by ISM’s trading price for the five (5) days after the closing of the arrangement (as further described in the Circular (defined below)).

The new Ameriwest options will be issued pursuant to the Ameriwest Stock Option Plan approved by shareholders at the Annual and Special Shareholders Meetings held on July 5, 2022.

At the closing of the arrangement and the listing, Ameriwest will have a total of 59,739,289 shares of common stock, 3,045,212 shares of common stock purchase warrants and 2,550,000 stock options.

New America shares are listed on the Canadian Stock Exchange (“CSE”) was issued on September 23, 2022 under the stock symbol “AWLI”. ISM shares will begin trading on his CSE under the stock symbol ‘ISM’ around September 29, 2022.

Further details of the arrangement can be found in the Company’s Corporate Information Circular dated May 30, 2022 (“Round”), filed in the company’s SEDAR profile at www.sedar.com.

About Ameriwest Lithium

Ameriwest Lithium Inc. is a Canada-based exploration company focused on identifying and developing strategic lithium clay and brine mineral resources in Nevada and Arizona. The company is currently investigating his 6,900-acre lithium clay estate in Arizona’s Thompson Valley. In Nevada, we are exploring a 15,300-acre Railroad Valley lithium brine property, a 22,210-acre Edwards Creek Valley lithium brine property, a 5,760-acre Little Smoky Valley lithium clay property and a 7,380-acre Deer Musk East lithium brine property.

On behalf of the Board of Directors

Glen Collick
Chief Operating Officer and Director

For more information, please contact:

Glen Collick
Chief Operating Officer and Director
(778) 868-2226

The Canadian Stock Exchange has never advised on the merits of any matter referenced herein and neither endorses nor disapproves of the contents of this news release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release may constitute forward-looking information.

Although not always, forward-looking information is often referred to as “anticipate,” “plan,” “estimate,” “expect,” Identified using words such as “should” and “should”. , and similar expressions regarding the Company, the completion of the proposed arrangement and related transactions, the effective date of the closing of the arrangement and the transaction commencement date are intended to identify forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in such forward-looking information. . of ISM stocks. Our actual results may vary as a result of regulatory decisions, competitive factors in the industries in which we operate, general economic conditions, changes in our strategic growth plans and other factors. They may differ materially from those anticipated in the forward-looking information. Many of them are out of our control. Although we believe that the expectations reflected in our forward-looking information are reasonable, there is no assurance that these expectations will prove correct, and such forward-looking information may not be unreasonable. should not be relied upon. Forward-looking information contained in this news release represents our expectations as of the date of the announcement and is subject to change after the date of the announcement. We disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Not intended for distribution to US Newswire Services or for distribution within the United States. Failure to comply with this limitation may violate US securities laws.

CBJ Newsmaker

Ameriwest Lithium Completes Arrangement Plan, The Canadian Business Journal

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