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Lithium X to Acquire Aberdeen Interest to Consolidate 100% Ownership of the Sal de los Angeles Project
Jun. 29, 2017 08:57AM PST
Battery MetalsLithium X Energy Corp. (the “Company”(TSXV: LIX) (OTCQX: LIXXF)) is pleased to announce that it has entered into a definitive agreement with Aberdeen International Inc. (“Aberdeen”) for the purchase of Aberdeen’s remaining 50% interest in Potasio y Litio de Argentina S.A. (PLASA) which controls 100% of the Sal de los Angeles Project (the “Acquisition”). As quoted in the press release: …
Lithium X Energy Corp. (the “Company”(TSXV: LIX) (OTCQX: LIXXF)) is pleased to announce that it has entered into a definitive agreement with Aberdeen International Inc. (“Aberdeen”) for the purchase of Aberdeen’s remaining 50% interest in Potasio y Litio de Argentina S.A. (PLASA) which controls 100% of the Sal de los Angeles Project (the “Acquisition”).
As quoted in the press release:
Brian Paes-Braga, CEO and a Director of Lithium X, commented, “This transaction marks another milestone for Lithium X, as the Company will now control 100% of PLASA, the Argentine subsidiary that fully controls the Sal de Los Angeles Project. This transaction provides Lithium X with the ultimate flexibility in developing the project and more easily delivers shareholder value over the long term.”
