Edison Lithium Provides Further Update on Sale of Interest in Resource Ventures S.A.
Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) has provided an update on the sale of its Argentina subsidiary, Resource Ventures S.A. (ReVe), to Mava Gasoil LLC. The company has granted Mava an additional extension for the transaction closing, now expected around September 30, 2025.
As consideration for the extension, Mava will pay an additional USD$100,000 deposit, which will be credited toward the total purchase price of USD$3.5 million. This follows two previous deposits of USD$100,000 each. Upon closing, Mava will pay the remaining USD$3 million to Edison, plus USD$100,000 to each of ReVe's two other shareholders.
The transaction completion remains subject to TSX Venture Exchange final acceptance and receipt of the remaining purchase price.
Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) ha fornito un aggiornamento sulla vendita della sua filiale argentina, Resource Ventures S.A. (ReVe), a Mava Gasoil LLC. La società ha concesso a Mava una proroga aggiuntiva per la chiusura della transazione, ora prevista intorno al 30 settembre 2025.
Come corrispettivo per l'estensione, Mava verserà un ulteriore deposito di 100.000 USD, che sarà accreditato sul prezzo totale di acquisto di 3,5 milioni di USD. Questo segue due precedenti depositi di 100.000 USD ciascuno. Alla chiusura, Mava pagherà i restanti 3 milioni di USD a Edison, oltre a 100.000 USD a ciascuno degli altri due azionisti di ReVe.
Il completamento della transazione rimane soggetto all'accettazione finale della TSX Venture Exchange e al ricevimento del prezzo d'acquisto residuo.
Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) ha proporcionado una actualización sobre la venta de su subsidiaria en Argentina, Resource Ventures S.A. (ReVe), a Mava Gasoil LLC. La compañía ha otorgado a Mava una extensión adicional para el cierre de la transacción, ahora previsto alrededor del 30 de septiembre de 2025.
Como contraprestación por la extensión, Mava pagará un depósito adicional de 100,000 USD, que se acreditará al precio total de compra de 3.5 millones de USD. Esto sigue a dos depósitos previos de 100,000 USD cada uno. Al cierre, Mava pagará los 3 millones de USD restantes a Edison, además de 100,000 USD a cada uno de los otros dos accionistas de ReVe.
La finalización de la transacción sigue sujeta a la aceptación final de la TSX Venture Exchange y a la recepción del precio de compra restante.
Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF)는 아르헨티나 자회사인 Resource Ventures S.A.(ReVe)의 매각에 관한 업데이트를 발표했습니다. 회사는 거래 마감 기한을 추가 연장하여 현재 2025년 9월 30일경으로 예상하고 있습니다.
연장에 대한 대가로 Mava는 추가 미화 100,000달러 보증금을 지불하며, 이는 총 매매대금 미화 350만 달러에 포함됩니다. 이전에 각각 미화 100,000달러씩 두 차례 보증금이 납부되었습니다. 거래 마감 시 Mava는 Edison에 나머지 미화 300만 달러를 지급하고, ReVe의 다른 두 주주 각각에게 미화 100,000달러를 지급할 예정입니다.
거래 완료는 TSX 벤처 거래소의 최종 승인과 잔여 매매대금 수령을 조건으로 합니다.
Edison Lithium Corp. (TSXV : EDDY) (OTC Pink : EDDYF) a fourni une mise à jour concernant la vente de sa filiale argentine, Resource Ventures S.A. (ReVe), à Mava Gasoil LLC. La société a accordé à Mava une extension supplémentaire pour la clôture de la transaction, désormais prévue aux alentours du 30 septembre 2025.
En contrepartie de cette extension, Mava versera un dépôt supplémentaire de 100 000 USD, qui sera crédité sur le prix d'achat total de 3,5 millions USD. Cela fait suite à deux dépôts précédents de 100 000 USD chacun. À la clôture, Mava paiera les 3 millions USD restants à Edison, ainsi que 100 000 USD à chacun des deux autres actionnaires de ReVe.
La finalisation de la transaction reste soumise à l'acceptation finale de la TSX Venture Exchange et à la réception du solde du prix d'achat.
Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) hat ein Update zum Verkauf seiner argentinischen Tochtergesellschaft Resource Ventures S.A. (ReVe) an Mava Gasoil LLC veröffentlicht. Das Unternehmen hat Mava eine weitere Verlängerung für den Abschluss der Transaktion gewährt, der nun voraussichtlich um den 30. September 2025 erfolgt.
Als Gegenleistung für die Verlängerung zahlt Mava eine zusätzliche Anzahlung von 100.000 USD, die auf den Gesamtkaufpreis von 3,5 Millionen USD angerechnet wird. Dies folgt auf zwei vorherige Anzahlungen von jeweils 100.000 USD. Beim Abschluss wird Mava die verbleibenden 3 Millionen USD an Edison zahlen sowie jeweils 100.000 USD an die beiden weiteren Aktionäre von ReVe.
Der Abschluss der Transaktion steht weiterhin unter dem Vorbehalt der endgültigen Zustimmung der TSX Venture Exchange und des Eingangs des restlichen Kaufpreises.
- Additional USD$100,000 deposit secured from buyer
- Total transaction value remains at USD$3.5 million
- Previous deposits of USD$200,000 already received
- Further delay in transaction closing to September 30, 2025
- Transaction still subject to exchange approval and final payment
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to provide an update on the previously announced proposed sale of its Argentina subsidiary, Resource Ventures S.A. ("ReVe"), to Mava Gasoil LLC ("Mava") (the "Proposed Transaction").
Further to its previous update dated June 3, 2025, the Company has agreed to grant Mava an additional extension of time to allow continued progress toward completion of the Proposed Transaction. The parties now anticipate closing of the Proposed Transaction to occur on or about September 30, 2025.
In consideration for the additional extension, Mava has agreed to pay a further advance deposit of USD
Completion of the Proposed Transaction remains subject to, among other conditions, TSX Venture Exchange final acceptance and receipt of the balance of the purchase price.
About Edison Lithium Corp.
Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, alkali and other energy metal properties. The Company's acquisition strategy is based on acquiring affordable, cost-effective, and highly regarded mineral properties in areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical materials to the battery industry and intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metals space.
On behalf of the Board of Directors:
"Nathan Rotstein"
Nathan Rotstein
Chief Executive Officer and Director
For more information please contact:
Tel: 416-526-3217
Email: info@edisonlithium.com
Website: www.edisonlithium.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Disclaimer: This news release contains certain forward-looking statements. Statements that are not historical facts, including statements about Edison's beliefs and expectations, are forward- looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "will be", "expected," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue,", "proposes", "contemplates", "is/are likely to" or other similar expressions. All information provided in this news release is as of the date of this news, and the Company undertakes no duty to update such information, except as required under applicable law.
Forward-looking statements in this press release relate to, among other things: the proposed sale of ReVe, the anticipated timing and completion of the Proposed Transaction, the receipt of final TSX Venture Exchange approval for the disposition, the closing of the Proposed Transaction, and the receipt of the purchase price. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: receipt of final TSXV approval required for the Proposed Transaction, and receipt of the purchase price. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257358
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