yep, LPI will demerge it's prized WA assets into a new company. LPI share holders will receive free shares in the company:
- LPI shareholders to receive DemergeCo shares on a pro rata basis via a capital reduction and in-specie distribution.
LITHIUM POWER INTERNATIONAL LIMITED (ASX:LPI) - Ann: LPI to Demerge its WA Hard Rock Lithium Assets, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Most likely setting up for a take over for the Chilean project.
