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Alpha Lithium Shareholders Urged by Tecpetrol to Tender Shares Before October 20th Deadline

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Alpha Lithium Corporation (APHLF) shareholders have been reminded by Tecpetrol Investments S.L. to tender their shares before the October 20, 2023 deadline.

Tecpetrol’s Offer

Tecpetrol has announced a final offer of C$1.48 per share to Alpha shareholders. This offer has seen a significant number of shares tendered. However, if more than 50% of the outstanding Alpha shares are not deposited under the offer, no Alpha shares will be acquired by Tecpetrol.

Risks for Alpha Shareholders

Alpha shareholders who do not tender their shares will not receive the cash consideration of C$1.48 under the offer. Tecpetrol warns that Alpha’s share price may suffer significant downward pressure if the offer is not completed.

How to Tender Shares

Shareholders can tender their shares by contacting their investment advisor, stock broker, bank, trust company or other intermediary. Registered shareholders who own Alpha Lithium share certificates or DRS statements must complete and execute the Letter of Transmittal and deposit it with Laurel Hill Advisory Group.

Assistance for Shareholders

Shareholders requiring assistance in tendering their Alpha shares may contact Laurel Hill Advisory Group.

Deadline for Tendering Shares

The offer is open for acceptance until 5:00 p.m. (Vancouver time) on October 20, 2023. Tecpetrol has filed a Second Notice of Extension in respect of the recent extension of the expiry time.

About Tecpetrol and Techint Group

Tecpetrol’s Energy Transition Unit is Techint Group’s dedicated business unit responsible for advancing its position in the global energy transition. The Techint Group is a global conglomerate with diversified business lines in steelmaking, complex infrastructure construction, design and construction of industrial plans and machinery, technologies for the metals and mining industries, oil and gas exploration and production and research-oriented health facilities.

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