News: CAI Calidus Resources Says SQM Australia To Ultimately Increase Ownership To 40% In Pirra...

Oct 23 (Reuters) - Calidus Resources (CAI) :

• SQM AUSTRALIA TO ULTIMATELY INCREASE OWNERSHIP TO 40% IN PIRRA LITHIUM BY INJECTING A$3M TO FUND FURTHER EXPLORATION
• GLOBAL LITHIUM PRODUCER SQM TAKES 40% IN PIRRA LITHIUM
• CALIDUS TO RETAIN ITS 40% STAKE IN PIRRA
• SQM SUBSIDIARY SQM AUSTRALIA PTY LTD TO PURCHASE 30% OF PIRRA LITHIUM LIMITED FROM HAOMA MINING NL
• CALIDUS WILL ULTIMATELY RETAIN 40% OWNERSHIP OF PIRRA BY INJECTING A$2M TO FUND EXPLORATION
• SQM UNIT TO SUBSCRIBE FOR PIRRA SHARES FOR A$0.20 PER SHARE

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