05:09 PM EDT, 03/25/2024 (MT Newswires) -- Forza Lithium Corp. (FZ.CN) announced Monday that it has closed the acquisition of all the issued and outstanding shares of Planet Green Metals Inc. in consideration for, among other things, the issuance of 11.3 million common shares of Forza to the shareholders of Planet Green.
The shares are subject to a statutory hold period of four months plus one day and are further subject to the voluntary escrow provisions.
In conjunction with the completion of the Planet Green acquisition, Jeremy S. Brett, M.Sc., P.Geo., and Robert Turgeon, CPA, have been appointed to the Board of Directors and Michele Pillon and Bruce MacLachlan have resigned from the Board. T
Robert Coltura and Nicholas Coltura will continue to serve as Directors of the company.
Brett replaces Coltura as the company's President and CEO and Turgeon replaces Ms. Pillon as the company's CFO.
The company will change its name to Planet Green Metals Inc. in the near future.
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