16:31:46 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Forza Lithium Corp
Symbol FZ
Shares Issued 18,275,000
Close 2024-03-25 C$ 0.10
Market Cap C$ 1,827,500
Recent Sedar Documents

Forza Lithium closes Planet Green acquisition

2024-03-25 17:06 ET - News Release

Mr. Robert Coltura reports

FORZA LITHIUM ANNOUNCES THE CLOSING OF PLANET GREEN METALS INC. MERGER

Forza Lithium Corp. has closed the acquisition of all the issued and outstanding shares of Planet Green Metals Inc. in consideration for, among other things, the issuance of 11.3 million common shares of Forza to the shareholders of Planet Green. Further information with respect to the Planet Green acquisition may be found in the company's news release dated Jan. 31, 2024. The shares are subject to a statutory hold period of four months plus one day and are further subject to the voluntary escrow provisions set out in the Jan. 31, 2024, news release.

In conjunction with the completion of the Planet Green acquisition, Jeremy S. Brett, MSc, PGeo, and Robert Turgeon, CPA, have been appointed to the board of directors, and Michele Pillon and Bruce MacLachlan have resigned from the board. The company thanks Ms. Pillon and Mr. MacLachlan for their services to the company. Robert Coltura and Nicholas Coltura will continue to serve as directors of the company.

Mr. Brett replaces Robert Coltura as the company's president and chief executive officer, and Mr. Turgeon replaces Ms. Pillon as the company's CFO.

The company will change its name to Planet Green Metals in the near future.

About Forza Lithium Corp.

Forza Lithium is a Canadian exploration company with focused expertise on the acquisition, exploration and development of highly prospective lithium properties in North America. The flagship project, the Jeanette lithium property, consists of four claims comprising 1,820 hectares and lies 105 kilometres east of the mining community of Red Lake, Ont. The company's strong management team is committed to maximizing shareholder value through new mineral discoveries located in favourable jurisdictions through its strategically located properties.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.