Stria Lithium Provides Update on Proposed Royalty and Change of Business Transaction
Stria Lithium (SRA.V) continues to advance the various components needed under TSX Venture Exchange (TSXV) Policy 5.2 - Changes of Business and Reverse Takeovers, regarding the proposed acquisition of a net smelter return royalty of up to 2% on the advanced West Australian Mt Henry Gold Project pursuant to an investment agreement with Alicanto Minerals (ASX: AQI), it said on Friday.Work related to the acquisition, including technical reporting, preparation of a listing statement, preparation of transaction documentation, and assembly of required regulatory filings, is progressing as expected, it said.Stria will hold an annual and special meeting of shareholders on June 9 to elect the directors of the company that will hold office until the next general meeting of the company or completion of the acquisition and approve the change of name of the company to Arc Mineral Royalties Ltd.The company's shares last traded April 8, closing at $0.78 on the TSXV.
