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LSC Lithium to Acquire Mina Teresa in Salinas Grandes, Jujuy Province
Nov. 23, 2017 09:05AM PST
Battery Metals InvestingLSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce it has entered into a binding letter of intent to purchase all of the issued and outstanding shares of Alqa Lithium S.A. (“Alqa”), the sole owner of the Mina Teresa project covering 2,595 hectares in the Salar de Salinas …
LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce it has entered into a binding letter of intent to purchase all of the issued and outstanding shares of Alqa Lithium S.A. (“Alqa”), the sole owner of the Mina Teresa project covering 2,595 hectares in the Salar de Salinas Grandes in the Province of Jujuy.
As quoted in the press release:
LSC will acquire Alqa for cash consideration totalling US$2 million payable to the shareholders of Alqa in three installments. Closing of the acquisition is expected to take place on or about December 15, 2017, but no later than the end of 2017.
