June 21, 2018 10:05 PM ET

Industrial Conglomerates

Company Overview of Rincon Ltd.

Company Overview

Rincon Ltd., a multinational conglomerate, engages in power storage, chemicals, innovation, resources, environmental services, and agriculture businesses. It produces and exports pure and natural sodium bicarbonate for food and beverage, agriculture, industrial, and specialty markets; produces lithium product directly from raw brine. The company also provides energy storage solutions for residential, commercial, and industrial sectors. It supplies batteries for automotive, marine, power sports, leisure equipment, and devices; and batteries for large industrial equipment and renewable power sources, such as solar and wind installations, back-up power supply for critical infrastructure systems...

130 Adelaide Street West

Suite 3303

Toronto, ON M5H 3P5

Canada

Founded in 2010

Phone:

416-365-2783

Fax:

416-867-9384

Key Executives for Rincon Ltd.

Chief Executive Officer, President and Director
Age: 61
Vice President of Legal, General Counsel and Director
Age: 42
Vice President of Technical
Vice President of Corporate Communications
Age: 35
Controller
Compensation as of Fiscal Year 2017.

Rincon Ltd. Key Developments

Enirgi Group Corporation has Changed its Name to Rincon Ltd

On February 15, 2018, Enirgi Group Corporation changed its name to Rincon Ltd.

Dajin Resources Corp. Signs Non-Binding Memorandum of Understanding with Enirgi Group Corporation

Dajin Resources Corp. announced that it has signed a non-binding Memorandum of Understanding (MOU) with Enirgi Group Corporation (Enirgi Group). With this technology, the use of invasive solar evaporation pond networks will not be required. Through their Innovation Division, based in Sydney, Australia, Enirgi Group is in the final stages of commissioning a commercial scale demonstration plant capable of producing one tonne per day of battery grade Lithium carbonate from their lithium project at the Salar del Rincón located in the Province of Salta, Argentina. The MOU gives Dajin exclusive access to the Enirgi Group's DXP Technology and future processing facilities constructed in the United States. Dajin will be responsible for the sourcing and delivering of lithium bearing brine from their current and future projects in the United States. Upon the production of 20 tonnes cumulative battery grade lithium carbonate at the Rincón Project, signing a Definitive Agreement, consideration of provision to Dajin of Enirgi Group services, and having exclusive access to processing facilities, Dajin will issue to Enirgi Group common shares of its capital in an amount which represents 19.5% of the issued shares of Dajin (post-issuance), calculated based on the number of shares issued of Dajin outstanding as of the date of acceptance of a Definitive Agreement by the TSX Venture Exchange. Upon the completion of a Definitive Feasibility Study (DFS) for the construction of a processing facility and acceptance by the TSX Venture Exchange, Dajin will issue to Enirgi Group additional common shares of its capital in an amount which represent 10.5% of the issued shares of Dajin (post-issuance), calculated based on the number of issued shares of Dajin outstanding as of the date of the completion of the DFS.

Enirgi Group Corporation - Shareholder/Analyst Call

Annual General Meeting of Shareholders

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 15, 2018
Recycling Business in Australia of Rincon Ltd.
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