Mr. Francis MacDonald reports
LIFT ANNOUNCES THAT WINSOME RESOURCES SECURITYHOLDERS HAVE VOTED IN FAVOUR OF THE PROPOSED COMBINATION TRANSACTION
Shareholders and optionholders of Winsome Resources Ltd. have each separately voted in favour of the schemes of arrangement in relation to the proposed combination transaction between Li-FT Power Ltd. and Winsome.
Pursuant to the transaction announced on Dec. 14, 2025, it is contemplated that Li-FT will acquire all of the outstanding Winsome shares under a share scheme of arrangement and all of the outstanding Winsome options under a related option scheme of arrangement, in exchange for the issue of new Li-FT shares and Li-FT CDIs, with the Li-FT CDIs to be quoted on the Australian Securities Exchange.
The voting results satisfy two of the key remaining conditions precedent of the schemes as set out in the scheme implementation deed dated as of Dec. 15, 2025, entered into by Li-FT and Winsome. The schemes remain subject to approval by the Supreme Court of Western Australia, and other conditions precedent as previously announced and described in the scheme booklet released by Winsome on March 26, 2026.
The company expects to communicate additional details regarding the timeline as to the remaining steps for the completion of the schemes once available.
About Li-FT
Power Ltd.
Li-FT is a mineral exploration company engaged in the acquisition, exploration and development of lithium pegmatite projects located in Canada. The company's flagship project is the Yellowknife lithium project located in Northwest Territories, Canada. Li-FT also holds three early stage exploration properties in Quebec, Canada, with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali project in Northwest Territories within the Little Nahanni pegmatite group.
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