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Alpha Lithium turns down Tecpetrol offer

Kitco Media
By Kitco News
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(Kitco News) - Alpha Lithium (NEO: ALLI) said today that Tecpetrol Investments is opportunistic and not in the best interests of the company.

Alpha is focused on the development of the Tolillar and Hombre Muerto salars in Argentina.

Tecpetrol made an unsolicited and non-binding offer to acquire the issued and outstanding common shares of Alpha Lithium for $1.24 per share. Tecpetrol is a company incorporated in Spain, and is a part of the Techint Group of Companies.

Alpha Lithium traded up 13% today to 94 cents a share.

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