Pluspetrol S.A.’s Acquisition of LSC Lithium Corporation


Allende & Brea and Stikeman Elliott advised Pluspetrol on the deal

LSC Lithium Corporation (TSXV:LSC) has entered into an arrangement agreement with Pluspetrol Resources Corporation B.V., pursuant to which Pluspetrol will acquire all of the outstanding common shares of LSC by way of a plan of arrangement under the Business Corporations Act.

Under the Arrangement, Pluspetrol would acquire 100% of the issued and outstanding common shares of LSC for cash consideration of C$0.6612 per LSC share. The Transaction was unanimously approved at the meeting of the LSC Board of Directors and the LSC Board of Directors recommends that LSC shareholders vote in favour of the Transaction. The Transaction provides total consideration of approximately C$111 million.

BMO Capital Markets is acting as financial advisor to LSC. BMO Capital Markets has provided an opinion to LSC’s Board of Directors that, as of the date of the opinion, and subject to the assumptions, limitations and qualifications on which such opinion is based, the consideration to be received by LSC shareholders is fair, from a financial point of view, to LSC shareholders.

In Argentina, Allende & Brea advised Pluspetrol Resources Corporation B.V. with Florencia Heredia (Picture), Agostina L. Martínez and Valentina Surraco Urtubey.

Stikeman Elliott advised Pluspetrol Resources Corporation B.V. with William Braithwaite, Mike Devereux, John Anderson, Dean Kraus, David Brown, Michael Kilby, John O’Connor, Denise Duifhuis, Bessie Qu, Precia Darshan, Adel Mansurov, Joe Ensom, Khalfan Khalfan, Jacqueline Ferreira, Courtney Cunningham, Marco Garcia and Kristopher Rodrigues.

Involved fees earner: Florencia Heredia – Allende & Brea Abogados; Agostina Martínez – Allende & Brea Abogados; Valentina Surraco Urtubey – Allende & Brea Abogados; John Anderson – Stikeman Elliott; William Braithwaite – Stikeman Elliott; David Brown – Stikeman Elliott; Precia Darshan – Stikeman Elliott; Mike Devereux – Stikeman Elliott; Denise Duifhuis – Stikeman Elliott; Joseph Ensom – Stikeman Elliott; Jacqueline Ferreira – Stikeman Elliott; Khalfan Khalfan – Stikeman Elliott; Michael Kilby – Stikeman Elliott; Adel Mansurov – Stikeman Elliott; John O’Connor – Stikeman Elliott;

Law Firms: Allende & Brea Abogados; Stikeman Elliott;

Clients: Pluspetrol S.A.;

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Author: Ambrogio Visconti.