Oakmont Capital Corp. Enters Into Letter of Intent to Acquire Manganese Property

Oakmont Capital Corp. (TSXV:OMK.P) announced the signing of a letter of intent to acquire the Viento Frio manganese concession.

As quoted in the press release:

Pursuant to the terms of the LOI, as consideration for the assignment of Global’s interest in the Bellhaven Agreement, Oakmont has agreed to pay Global cash payments of $350,000 over eighteen months and issue 7,181,261 common shares of the Company over the twenty four month term of the definitive agreement to be entered into between the Company and Global.

Click here to read the Oakmont Capital Corp. (TSXV:OMK.P) press release.