NetworkNewsBreaks – Lithium Chile Inc. (TSX.V: L

NetworkNewsBreaks – Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) Completes Kairos Metals Corp. Spin Out

Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) this morning announced its successful completion of the previously announced “spin out” transaction of its Kairos Metals Corp. subsidiary into a standalone company owning the copper/gold/silver property portfolio previously held by Lithium Chile. “We are pleased with the closing of this transaction,” Steve Cochrane, president and CEO of Lithium Chile, stated in the news release. “It creates two distinct resource companies that can now focus their energies and resources on developing their respective assets for the benefit of Lithium Chile shareholders.” Per the update, shareholders of Lithium Chile each received one common share of Kairos Metals for each four common shares of Lithium Chile held as of May 7, 2018. The “spin out” arrangement remains subject to the final approval of the TSX Venture Exchange.

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