LatAm Lithium Announces Annual General and Special Meeting and Share Consolidation
LatAm Lithium plans a 3-for-1 share consolidation, cutting its outstanding share count by about two thirds if shareholders and the TSXV approve.
Rhea-AI Summary
LatAm Lithium (PFFOF, TSXV: LALI) will hold its Annual General and Special Meeting on October 22, 2026, and seek approval for a share consolidation. Shareholders of record on September 3, 2026 may vote at the 09:00 (PDT) Meeting at the company’s Vancouver office. The circular and meeting materials will be available on the company’s website and SEDAR+ from September 29, 2026 and mailed by September 23, 2026.
The company proposes a 3-for-1 share consolidation, reducing issued common shares from approximately 35,344,009 to about 11,781,336, with all warrants (~3,152,500) and options (~427,500) adjusted on the same basis. Completion is subject to shareholder and TSX Venture Exchange approval. No fractional shares will be issued, with holdings rounded down to the nearest whole share.
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Vancouver, British Columbia--(Newsfile Corp. - September 21, 2026) - LATAM LITHIUM CORP. (TSXV: LALI) (OTC Pink: PFFOF) (FSE: POT) ("LatAm Lithium" or the "Company") is pleased to announce its upcoming Annual General and Special Meeting (the "Meeting") of the shareholders of the Company (the "Shareholders") to be held on October 22, 2026.
The Notice of Meeting and Management Information Circular (the "Circular") will be available to Shareholders on the Company's website and under the Company's profile on SEDAR+ at www.sedarplus.ca on September 29, 2026. The Circular and related Meeting materials will be mailed to Shareholders by September 23, 2026.
Shareholder Meeting and Voting Information
Shareholders of record on September 3, 2026, are eligible to vote at the Meeting. The Meeting will be held on October 22, 2026, at 09:00 (PDT) in the Company's office located at Suite 520 - 470 Granville Street, Vancouver, British Columbia, V6C 1V5.
The Circular includes additional details regarding the Meeting and related voting procedures.
Share Consolidation
As part of the above-mentioned Meeting, the Company intends to seek shareholder approval to undertake a three (3) for one (1) share consolidation whereby three common shares of the Company (the "Common Shares") shall be exchanged for one post-consolidation common share of the Company (the "Post-Consolidation Shares"). The Company currently has approximately 35,344,009 Common Shares issued and outstanding and would have approximately 11,781,336 Post-Consolidation Shares. All outstanding warrants (~3,152,500) and incentive stock options (~427,500) would be consolidated on the same basis pursuant to the certificates evidencing such warrants and options.
LatAm Lithium's Board of Directors anticipates that the share consolidation will provide the Company with greater flexibility to secure less-dilutive financing and to advance both its current exploration strategy and project portfolio. The Company's articles authorize the share consolidation pursuant to Shareholder approval, and the Board has approved the consolidation. The Company's name and stock symbol will remain unchanged.
Upon shareholder approval, completion of the consolidation, and TSX Venture Exchange (the "TSXV") approval, a "Letter of Transmittal" will be mailed to shareholders holding physical certificates by the Company's transfer agent (TSX Trust Company), advising that the consolidation has taken effect and shareholders should surrender their existing (pre-consolidation) common share certificates for new (post-consolidation) common share certificates. No fractional common shares of the Company shall be issued in connection with the consolidation and the number of common shares to be received by a Shareholder shall be rounded down to the nearest whole number.
About Latam Lithium Corp.
LatAm Lithium is a Vancouver, Canada-based company focused on exploring and developing lithium mineral resource projects in the Americas. The Company also holds a
ON BEHALF OF THE BOARD
"Rodney Campbell"
Interim Chief Executive Officer
For Further Information Contact:
604-683-1991
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's future business plans. Forward-looking information in this news release is based on certain assumptions and expected future events, namely the growth and development of the Company's business as currently anticipated. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315001
FAQ
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Who is entitled to vote at LatAm Lithium’s October 22, 2026 Meeting?
Shareholders of LatAm Lithium recorded as of September 3, 2026 are eligible to vote at the Annual General and Special Meeting.
How will LatAm Lithium’s outstanding warrants and stock options be affected by the consolidation?
All outstanding warrants (approximately 3,152,500) and incentive stock options (approximately 427,500) will be consolidated on the same 3-for-1 basis, in accordance with the existing warrant and option certificates.
Will LatAm Lithium’s name or stock symbols change following the consolidation?
The company states that its name and stock symbol will remain unchanged if the consolidation is completed.