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Alloy Capital Corp. Announces Letter of Intent for Acquisition of Lancaster Exploration Ltd.
Aug. 30, 2010 01:03PM PST
Critical MetalsAlloy Capital Corp. (CVE:AYL.P) announced that it has entered into a letter of intent dated August 16, 2010 to acquire, directly or indirectly, Lancaster Exploration Limited.
Alloy Capital Corp. (TSXV:AYL.P) announced that it has entered into a letter of intent dated August 16, 2010 to acquire, directly or indirectly, Lancaster Exploration Limited.
The press release is quoted as saying:
Lancaster’s primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi. Lancaster holds a 100% interest in an exclusive prospecting license over an area of 1,283 km2 in southeast Malawi.
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