posted on
Nov 16, 2020 02:47PM
Message: TMI
Cal, I am still wondering exactly what "fulsome minority shareholder protective rights" means in real life terms as applied to LAC's situation at Cauchari-Olaroz.
The deal earlier this year that changed LAC from a 50% owner to a 49% "fulsome minority shareholder" was stated as follows:
"Upon completion of the 2020 Cauchari Transaction, Ganfeng will become the controlling shareholder of Minera Exar while Lithium Americas will receive fulsome minority shareholder protective rights. The shareholder agreement and related agreements will be amended on the closing of the 2020 Cauchari Transaction to preserve joint approval for various substantive matters involving Minera Exar. "
Another question: What were the amendments refered to in the phrase: " The shareholder agreement and related agreements will be amended on the closing of the 2020 Cauchari Transaction to preserve joint approval for various substantive matters involving Minera Exar. " ?
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