09:51 AM EST - Lithium X Energy Corp. : Is providing an update on the expected completion date of the previously announced plan of arrangement with NextView New Energy Lion Hong Kong Limited. All conditions to the completion of the Arrangement have been fulfilled except for: (a) the receipt from NextView of the cash required for NextView to acquire all of the issued and outstanding common shares and common share purchase warrants of Lithium X for cash consideration of $2.61 per share and $0.01 per warrant pursuant to the Arrangement; and (b) certain conditions (such as accuracy of representations and warranties and no material adverse effect having occurred) that cannot be satisfied until the Effective Date. Lithium X Energy Corp.
shares V.LIX are trading down $0.23 at $2.31.
