“Secure Your Future with Alpha Lithium: Time is Running Out to Tender Your Shares!

Alpha Lithium Corporation recently announced a reminder to shareholders to submit their shares before October 20th as part of its ongoing mandatory share purchase and exchange program aimed at repurchasing shares for no consideration. The program, which was launched on July 24th, 2020, is private and allows shareholders to buy back certain amounts of their shares in the open market, provided that the shareholder tenders the shares before October 20th. As of the date of this announcement, Alpha Lithium had repurchased an aggregate of over 20 million of its common shares at a premium to the current market price and, as of the date of this release, the company has purchased and cancelled 16 million common shares pursuant to the mandatory share purchase and exchange program. Participants of the program have the opportunity to purchase a pre-determined amount of common shares, which are then exchanged for the same amount of series A convertible preferred shares. This allows Alpha Lithium to access capital from its shareholders with advantageous restrictive provisions, such as only allowing conversion into common shares when the holder of the convertible preferred shares demands it. The company has noted that participation in the program has allowed Alpha Lithium to focus on its long-term strategy of diversification through acquisitions and partnerships as well as development of its lithium projects. This strategy has already allowed the company to gain access to lithium assets in Argentina, Chile, and Peru, strengthening the company’s foothold in the Latin American region. The mandatory share purchase and exchange program is set to be completed no later than October 20th. With the deadline approaching, Alpha Lithium urges shareholders to participate in the program in order to maximize the opportunity to capitalize on the company’s potential and growth prospects.