Transaction Highlights Clause Samples

Transaction Highlights. Upon the Earn-In Right (as defined herein) being obtained by USEM, this Transaction further advances USCM’s business model to explore a portfolio of unique assets within the US. Subject to the completion of this Transaction, USCM will have exposure to two of the most advanced lithium basins in the US. This includes the ▇▇▇▇▇▇▇ Valley, the only lithium producing basin in the US and the ▇▇▇▇▇▇▇▇▇ Basin, the first 1 ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/2075-163X/10/1/68. 2 The comparable information about other issuers was obtained from public sources and has not been verified by the Company. Comparable means information that compares an issuer to other issuers. The information is a summary of certain relevant operational attributes of certain mining and resource companies and has been included to provide an overview of the performance of what are expected to be comparable issuers. The comparables are considered to be an appropriate basis for comparison with the Company based on their industry, commodity mix, jurisdiction, and additional criteria. The comparable issuers face different risks from those applicable to the Company. Relevant material concerning any adjacent or comparable properties included in this press release is limited to information publicly disclosed by the owner or operator for such adjacent or comparable property. The Company has relied on the Qualified Persons responsible for such information and has not independently verified such information. The Company cautions that past production, mineral reserves, resources or occurrences on adjacent or comparable properties are not indicative of the mineralization on the Company’s properties. Readers are cautioned that the past performance of comparables is not indicative of future performance and that the performance of the Company may be materially different from the comparable issuers. You should not place undue reliance on the comparable information provided in this press release. potential basin to produce lithium from clay in the US. MLEP is located east of ▇▇▇▇▇▇▇ Pass, which is the largest known lithium deposit in the US and one of the largest in the world with 3.7 million tonnes of lithium carbonate equivalent reserves at 3,160 ppm lithium1. As ▇▇▇▇▇▇▇ Pass advances towards production, USCM believes that a significant derisking and revaluation of lithium clay projects will occur. The map below outlines the location of MLEP in relation to ▇▇▇▇▇▇ Pass project2. USCM intends to immediately commence with the...

Transaction Highlights. All cash consideration of $0.68 per Share represents a premium of approximately 36% to the closing price of Street Capital shares on June 14, 2019 and implies a multiple of price-to-book value per share of approximately 1.0x • Street Capital to benefit from improved, long term financial strength and enhanced competitive positioning under RFA ownership • Street Capital to gain access to up to $5 billion of new mortgage funding in addition to that available today • 100% cash consideration provides immediate liquidity and certainty of value for shareholders • Street Capital Board of Directors unanimously recommends the transaction to shareholders • Concurrent with completion of the Arrangement, RFA has committed to increase the equity capital of Street Capital Bank of Canada (the “Bank”) by a minimum of $50 million with significant follow-on capital available to support balance sheet growth “This transaction creates significant and immediate value for Street Capital shareholders, will meaningfully improve our financial strength during this formative stage as a Schedule I bank, and positions the business for sustainable growth over the long term” said ▇▇▇▇▇▇ ▇▇▇▇▇▇, Chief Executive Officer of Street Capital. “We look forward to partnering with RFA Capital, which brings a holistic solution to the business challenges and key risks we face.” “This is a great strategic fit for us” said ▇▇▇ ▇▇▇▇▇▇, Managing Partner of RFA. “We believe that Street Capital represents a unique banking platform with potential for meaningful growth through leveraging our significant financial resources, mortgage industry expertise and key strategic partnerships. In addition to the infusion of capital into the Bank, we are committing to a number of new capabilities that will strengthen the business, reduce risk and enable the management team to overcome current barriers to sustained financial performance and growth. These capabilities include immediate access to our mortgage funding ecosystem.” The transaction with RFA is the culmination of a thorough review of strategic alternatives available to the Company undertaken by the Board of Directors of the Company (the “Board of Directors”) that commenced in early 2019. As part of the strategic review, the Board of Directors, with the assistance of its financial and legal advisors, reviewed a variety of alternatives designed to strengthen the capital position of the Bank and position the business for long term, sustainable growth. These alter...

Transaction Highlights. Upon the Earn-In Right (as defined herein) being obtained by USEM, this Transaction further advances USCM's business model to explore a portfolio of unique assets within the US. Subject to the completion of this Transaction, USCM will have exposure to two of the most advanced lithium basins in the US. This includes the ▇▇▇▇▇▇▇ Valley, the only lithium producing basin in the US and the McDermitt Basin, the first potential basin to produce lithium from clay in the US. MLEP is located east of ▇▇▇▇▇▇▇ Pass, which is the largest known lithium deposit in the US and one of the largest in the world with 3.7 million tonnes of lithium carbonate equivalent reserves at 3,160 ppm lithium1. As ▇▇▇▇▇▇▇ Pass advances towards production, USCM believes that a significant derisking and revaluation of lithium clay projects will occur. The map below outlines the location of MLEP in relation to ▇▇▇▇▇▇▇ Pass project2. To view an enhanced version of this graphic, please visit: ▇▇▇▇▇://▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/files/8837/180964_521e54aa94b0fa25_001full.jpg USCM intends to immediately commence with the geologic mapping, geochemical sampling and permitting with the BLM to position the Project as fully drill ready. LIVE's preliminary sampling program involved surface claystone (rock) from a historic, shallow trench (1907 ppm Li) and two soil samples (30 and 32 ppm Li). Recognizing that the area is under sampled, the high lithium value is from intra-caldera lake sediments along the margin of the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ which has prompted USCM to move aggressively in securing this unique opportunity. USCM will work closely with LIVE to further advance any and all activities leading to a maiden drill program. The Transaction is at arms-length and closing is subject to acceptance of the Option Agreement by the CSE and satisfaction of other customary closing conditions. The Project spans 6,508 acres of BLM claims and is located within the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, an extinct 40x30 km super-volcano formed approximately 16.3 million years ago (Ma) as part of a hotspot currently underneath the Yellowstone Plateau. Following an initial eruption and concurrent collapse of the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, a large lake formed in the caldera basin. This lake water was extremely enriched in lithium and resulted in the accumulation of lithium-rich clays. Late volcanic activity uplifted the caldera, draining the lake and bringing the lithium-rich moat sediments to the surface resulting in the near-surface lithium present o...

Transaction Highlights. Subject to the receipt of regulatory approvals in the relevant jurisdictions, the completion of the transaction is expected to occur in approximately 12 months from signing.