GFL International confirms co-funding of Sal de la Puna acquisition

10 June 2021


On June 10, 2021, Arena Minerals Inc. (TSXV: AN) announced that it had received written confirmation from GFL International Co., Ltd. ("GFL") (a subsidiary of Ganfeng Lithium Co.), that GFL was exercising its previously announced project participation right to acquire a 35% interest in the Sal de la Puna lithium brine project in Argentina, which Arena Minerals Inc. is acquiring from Centaur Minerals, by funding approximately US$7.8 million of the acquisition cost.

Linda Hogg of Gowling WLG advised GFL with respect to this transaction.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.