Lithium Royalty Corp. (TSX: LIRC) ("LRC" or the "Company") announced today that, in connection with the Company's ongoing substantial issuer bid (the "Offer"), the Ontario Securities Commission has granted an order (the "Relief Order") permitting the Company to extend the Offer, if it determines to do so, without first taking up any common shares of the Company (the "Shares") previously deposited. For technical reasons, the Offer could not be extended without the Relief Order.
At this time, the Company has not yet determined if it will extend the Offer, and the expiration of the Offer remains 5:00 pm (Toronto time) on April 30, 2025 (the "Expiry Time"). In the event the Offer is extended, the Company will provide a further news release disclosing the details of such extension.
Details of the Offer, including instructions for tendering Shares to the Offer, are included in the formal offer to purchase and issuer bid circular, letter of transmittal, notice of guaranteed delivery and other related documents (the "Offer Documents"). Provided that the notice of guaranteed delivery is received prior to the Expiry Time, the Company will accept the associated share certificates and letter of transmittal that are received on or before the end of the first trading day on the Toronto Stock Exchange after the Expiry Time.
The Offer Documents are available free of charge on the System for Electronic Data Analysis and Retrieval+ ("SEDAR+") at www.sedarplus.ca. Shareholders should carefully read the Offer Documents prior to making a decision with respect to the Offer.
