News: LPI Lithium Power International Says Codelco Will Acquire 100% Of Share Capital Of Co

Oct 18 (Reuters) - Lithium Power International Ltd (LPI) :

• LPI ENTERS INTO BINDING SCHEME IMPLEMENTATION DEED WITH CODELCO FOR ALL-CASH A$0.57 PER LPI SHARE ACQUISITION
• UNDER DEED, CODELCO WILL ACQUIRE 100% OF SHARE CAPITAL OF LPI BY WAY OF A SCHEME OF ARRANGEMENT
• CONSIDERATION PAYABLE UNDER SCHEME IMPLIES A FULLY DILUTED EQUITY VALUE FOR LPI OF A$385 MILLION
• LPI BOARD UNANIMOUSLY RECOMMENDS THAT LPI SHAREHOLDERS VOTE IN FAVOUR OF SCHEME