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Li-Metal Announces Special Meeting of Shareholders

TORONTO, ON / ACCESSWIRE / January 6, 2022 / Li-Metal Corp. (CSE:LIM)(FSE:5ZO) ("Li-Metal" or the "Company"), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, is pleased to announce …

TORONTO, ON / ACCESSWIRE / January 6, 2022 / Li-Metal Corp. (CSE:LIM)(FSE:5ZO) ("Li-Metal" or the "Company"), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, is pleased to announce that it will hold a special meeting of shareholders (the "Special Meeting") on January 26, 2022 at 11:00 a.m. (Eastern Time). The record date for this Special Meeting is December 20, 2021.

The purpose of the Special Meeting is to ask shareholders to grant Li-Metal's Board of Directors (the "Board") the authority to split the Company's issued and outstanding common shares on a 4-for-1 basis to allow for a more accessible trading range for investors, to enhance liquidity and to increase investor interest in Li-Metal and its business. This share split does not affect the market value of Li-Metal's shares or a shareholder's proportionate ownership stake in the Company. Any authority proposed to be granted to the Board to split the shares is conditional upon the prior approval of the Canadian Securities Exchange.

Board size is the second matter to be considered by the Board at the Special Meeting. Shareholders will be asked to consider passing a resolution authorizing the board to determine the number of directors on the Board from time to time within the minimum and maximum number set in the articles of the Corporation.

In addition to this, the Special Meeting will consider increasing the number of directors to six and electing Colin Farrell to the Board. Mr. Farrell sits on the Company's advisory board and holds over 40 years of wide professional experience, including commercial, technical and policy, leadership experience. Mr. Farrell has successfully started up and led several tax and non-tax teams in various groups at PwC. Until his retirement from PwC in 2018, Mr. Farrell was a member of PwC's Hong Kong and China disruption and investment group, PwC's Tax Policy Panel, PwC's China/Hong Kong advisory committee on insurance and human resources matters, PwC Hong Kong's Foundation and PwC Hong Kong/China's Corporate Responsibility committee, and on a major multinational corporation's global tax advisory council. He was also a member of PwC China/Hong Kong's Future of Tax committee.

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Li-Metal Announces Special Meeting of Shareholders TORONTO, ON / ACCESSWIRE / January 6, 2022 / Li-Metal Corp. (CSE:LIM)(FSE:5ZO) ("Li-Metal" or the "Company"), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, is pleased to announce …

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