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Advantage Lithium to be Acquired by Orocobre Limited

Transaction Details

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Advantage Lithium Corp. (TSXV:AAL) (“Advantage”) has entered into a definitive arrangement agreement (the “Arrangement Agreement“) pursuant to which Orocobre Limited (TSX:ORL, ASX:ORE) (“Orocobre”) will acquire all of the issued and outstanding common shares of Advantage that Orocobre does not already own. Under the Arrangement Agreement, each common share of Advantage will be exchanged for 0.142 shares of Orocobre. Based on the closing price of Orocobre shares on the ASX of A$3.29 on February 18, 2020, the consideration represents a premium of approximately 24% to the closing price of Advantage Shares on February 14, 2020, the last trading day of Advantage Shares prior to the announcement of the Arrangement, and a premium of approximately 35% based on the trailing 20-day volume-weighted average price of Advantage as of the close of trading on February 14, 2020.

Fort Capital Partners acted as Financial Advisor and provided a Fairness Opinion to the Special Committee of Advantage.