IGO Limited (ASX: IGO) (IGO or the Company) is pleased to provide the following update with regard to the
recently announced transaction with Tianqi Lithium Corporation (Tianqi) and the Company’s ongoing strategic
review of its 30% ownership of the Tropicana Gold Operation.
Tianqi Lithium Joint Venture
Further to the Company’s announcement of 9 December 2020 regarding the acquisition by IGO of an interest
in a global lithium joint venture with Tianqi, the Company is pleased to confirm that Tianqi received approval
for the transaction with IGO from its shareholders on 5 January 2021. Of the shareholders present and entitled
to vote at the Tianqi shareholder meeting 99.97% voted in favour of the transaction between Tianqi and IGO,
a strong validation of the “win-win” the transaction has created for the shareholders of both companies.
Peter Bradford, IGO’s Managing Director and CEO said: “The resounding vote of support which Tianqi has
received from its shareholders further validates the value creation from this transaction for the shareholders of
both companies. Tianqi and IGO continue to progress the completion workstreams and we will provide further
updates to the market as the remaining conditions precedent required to complete the transaction are
Tropicana Strategic Review
IGO advises that the strategic review of the Company’s 30% interest in the Tropicana Operation is ongoing
and will update the market on the outcome when it is appropriate to do so.
Name of Director or Secretary authorising lodgement:
Managing Director & CEO
courtesy of Bell Direct
i hold IGO
bought some September 2020 @ $4.15