TSX Venture Exchange Stock Maintenance Bulletins

TSX VENTURE COMPANIES

AKWAABA MINING LTD.   ("AML   ")
  BULLETIN TYPE:  Consolidation
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2   Company

Pursuant to a special resolution passed by shareholders March 31, 2023 , the Company has consolidated its capital on a (20) old for (1) new basis. The name of the Company has not been changed.

Effective at the opening Thursday, October 19, 2023 , the shares of Akwaaba Mining Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mineral Exploration/Development' company.

Post - Consolidation


Capitalization:

Unlimited   shares with no par value of which


10,259,374   shares are issued and outstanding

Escrow

Nil   shares are subject to escrow



Transfer Agent:

Computershare Investor Services Inc.

Trading Symbol:

AML                 ( UNCHANGED )

CUSIP Number:

01021L205        ( NEW )

________________________________________

Kiplin Metals Inc. ("KIP")
  BULLETIN TYPE: Resume Trading
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2 Company

Further to the Exchange bulletin dated October 13, 2023 , effective at the open on Thursday, October 19, 2023 , the shares of Kiplin Metals Inc. will resume trading.

_________________________________________

NEXPOINT HOSPITALITY TRUST ("NHT.U")
  BULLETIN TYPE:  Notice of Distribution
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2   Company

The Issuer has declared the following special distribution:

Distribution per US Unit: US$0.04497
Payable Date: December 29, 2023
Record Date: November 15, 2023
Ex-distribution Date: November 14, 2023

________________________________________

23/10/17   - TSX Venture Exchange Bulletins

TSX VENTURE COMPANIES

BUNKER HILL MINING CORP. ("BNKR   ")
  BULLETIN TYPE:  Shares for Debt
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 5,175,000 common shares at a deemed value of C$0.13 per share to settle outstanding debt for USD$517,500 .

Number of Creditors:                 8 Creditors

For more information, please refer to the Company's news release dated October 10, 2023 .

________________________________________

CAPELLA MINERALS LIMITED   ("CMIL   ")
  BULLETIN TYPE:  Halt
  BULLETIN DATE:   October 17, 2023
  TSX Venture Tier   2 Company

Effective at 6:37  a.m. PST, Oct. 17, 2023 , trading in the shares of the Company was halted, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

CLEAN SEED CAPITAL GROUP LTD.   ("CSX   ")
  BULLETIN TYPE:  Shares for Bonuses
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 428,571 bonus shares, at a price of $0.07 per share, to two arm's length parties in consideration of promissory cash loan notes to the Company for gross proceeds of $150,000 (the "Notes"). The Notes bear an interest rate of 18.0% per annum and mature 12 months from the date of issue.

For additional details, please refer to the Company's news releases dated October 11, 2023 , and October 17, 2023 .

________________________________________

CLEAN SEED CAPITAL GROUP LTD.   ("CSX   ")
  BULLETIN TYPE:  Shares for Debt
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 675,324 shares at a deemed price of $0.08 per share to settle outstanding debt for $54,025.92 .

Number of Creditors:                 3 Creditors

Non-Arm's Length Party / Pro Group Participation:






Creditors

# of

Creditors

Amount Owing

Deemed Price

per Share

Aggregate # of

Shares






Aggregate Non-Arm's Length Party Involvement:

1

$9,149.28

$0.08

114,366






Aggregate Pro Group Involvement:

1

$35,901.36

$0.08

448,767


The Company shall issue a news release when the shares are issued and the debt extinguished.

________________________________________

EMINENT GOLD CORP.   ("EMNT   ")
  BULLETIN TYPE:  Private Placement-Non-Brokered
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on June 28, 2023 :

Number of Shares:

3,017,500 shares



Purchase Price:

$0.32 per share



Warrants:

3,017,500 share purchase warrants to purchase 3,017,500 shares



Warrant Exercise Price:

$0.50 for a three-year period, subject to accelerated expiry



Number of Placees:

26 placees

Insider / Pro Group Participation:






Placees

# of Placee (s)

Aggregate # of Shares




Aggregate Existing Insider Involvement:

2

145,000

Aggregate Pro Group Involvement:

NA

NA


Aggregate Cash

Amount

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

$47,712

NA

149,100


Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0 .50 for a period of 3 years from the date of issuance.

The Company issued a news release on September 29, 2023 and July 26, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

GR SILVER MINING LTD. ("GRSL   ")
  BULLETIN TYPE:  Private Placement-Non-Brokered
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on July 11, 2023 :

Number of Shares:

9,097,500 shares



Purchase Price:

$0.05 per share



Warrants:

4,548,750 share purchase warrants to purchase 4,548,750 shares



Warrant Exercise Price:

$0.08 for a two-year period



Number of Placees:

15 placees

Insider / Pro Group Participation:






Placees

# of Placee (s)

Aggregate # of Shares




Aggregate Existing Insider Involvement:

1

640,000

Aggregate Pro Group Involvement:

NA

NA


Aggregate Cash

Amount

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

$8,100

NA

162,000


Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0 .08 for a period of 2 years from the date of issuance.

The Company issued a news release on August 10, 2023 and October 13, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

LITHIUM ONE METALS INC. ("LONE   ")
  BULLETIN TYPE: Plan of Arrangement
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange (the " Exchange ") has accepted for filing documentation in connection with an arrangement agreement dated June 19, 2023 , as amended on September 22, 2023 , between Lithium One Metals Inc. (" Lithium One ") and Norris Lithium Inc. (" Norris "), pursuant to which Lithium One acquired all of the issued and outstanding common shares of Norris by way of a plan of arrangement under the Business Corporations Act ( British Columbia ) (the " Arrangement "). Pursuant to the terms of the Arrangement, Lithium One acquired all of the issued and outstanding common shares of Norris on the basis of 0.672 common shares of Lithium One for each share of Norris held (the " Exchange Ratio "). Additionally, all outstanding warrants and options of Norris were exchanged into warrants and options, respectively, of Lithium One based on the Exchange Ratio in accordance with the terms of the Arrangement.

The Exchange has been advised that the British Columbia Supreme Court granted a final order with respect to the Arrangement on September 22, 2023 . The Arrangement was completed on September 27, 2023 .

For further details, refer to the management information circular of Norris dated August 11, 2023 , which can be found under the SEDAR+ profile of Norris, and Lithium One's news releases dated June 19, 2023 , September 12, 2023 , and September 27, 2023 .

________________________________________

NICKELEX RESOURCE CORPORATION   ("NICK   ")
  BULLETIN TYPE:  Halt
  BULLETIN DATE:   October 17, 2023
  TSX Venture Tier   2 Company

Effective at 12:05 p.m. PST, Oct. 16, 2023 , trading in the shares of the Company was halted, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

POET TECHNOLOGIES INC. ("PTK")
  BULLETIN TYPE: Prospectus-Share Offering
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2 Company

TSX Venture Exchange (the "Exchange") has accepted for filing documentation with respect to the sales of shares as set out below, which were made under the "at-the-market" offering pursuant to a Prospectus Supplement dated June 29, 2023 (the "Supplement"), to the short form base shelf prospectus dated June 30, 2021 filed with the securities commissions in Canada under the terms of the Supplement and in the USA under the terms of the Company's Form F 10 registration statement (the "Offering"). The Exchange has been advised by the Company that sales under the Offering for the period starting June 29, 2023 until its termination on August 5, 2023 , occurred for gross proceeds of $1,324,942.77 .

Agent:

Craig-Hallum Capital Group LLC and Cormark Securities Inc.



Offering:

227,673 common shares



Offering Price:

average price of $5.82 per share



Agents' Fee:

$27,001.89 and US$9,507.48


For further details, please refer to the Company's amended and restated Short Form Base Shelf Prospectus dated June 30, 2021 , Prospectus Supplement dated June 29, 2023 and filed on SEDAR, and news releases dated June 29, 2023 , September 1, 2023 and October 13, 2023 .

________________________________________

PROSTAR HOLDINGS INC.   ("MAPS   ")
  BULLETIN TYPE:  Shares for Debt
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 241,006 shares at a deemed price of $0.34 per share to settle outstanding debt for USD$60,000 .

Number of Creditors:                 1 Creditor

Non-Arm's Length Party / Pro Group Participation:






Creditors

# of

Creditors

Amount Owing

Deemed Price

per Share

Aggregate # of

Shares






Aggregate Non-Arm's Length Party Involvement:

N/A

N/A

N/A

N/A

Aggregate Pro Group Involvement:

N/A

N/A

N/A

N/A


The Company shall issue a news release when the shares are issued and the debt extinguished.

________________________________________

STALLION DISCOVERIES CORP.   ("STUD   ")
  BULLETIN TYPE:  Private Placement-Non-Brokered
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on September 25, 2023 , and September 27, 2023 :

Number of Shares:

9,160,451 flow-through shares (each, an "FT Share")


5,525,000 non-flow-through shares (each, an "NFT Share")



Purchase Price:

$0.24 per FT Share


$0.20 per NFT Share



Warrants:

7,342,726 share purchase warrants to purchase 7,342,726 shares



Warrant Exercise Price:

$0.30 for a two year period



Number of Placees:

77 placees

Insider / Pro Group Participation:






Placees

# of Placee (s)

Aggregate # of Shares




Aggregate Existing Insider Involvement:

1

100,000 NFT Shares

Aggregate Pro Group Involvement:

11

320,000 NFT Shares and 2,071,450 FT Shares


Aggregate Cash

Amount

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

$196,735.58

300,000 Shares

1,001,232 Warrants


Finder's Warrants Terms: Each of the 667,377 finder's warrants entitles the holder to purchase one common share at the price of $0 .30 for a period of 2 years from the date of issuance. Each of the remaining 333,855 finder's warrants entitles the holder to purchase one common share at the price of $0.24 for a period of 2 years from the date of issuance

The Company issued a news release on October 11, 2023 , and October 12, 2023 , confirming the closing of the private placement. Note that in certain circumstances, the Exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term.

________________________________________

VISIONARY METALS CORP. ("VIZ")
  BULLETIN TYPE:  Private Placement-Non-Brokered
  BULLETIN DATE: October 17, 2023
  TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on August 17, 2023 :

Number of Shares:

19,584,155 units



Purchase Price:

$0.08 per unit



Warrants:

9,792,078 share purchase warrants to purchase 9,792,078 shares



Warrant Exercise Price:

$0.12 for a three year period



Number of Placees:

17 placees

Insider / Pro Group Participation:






Placees

# of Placee (s)

Aggregate # of Units




Aggregate Existing Insider Involvement:

5

11,663,950

Aggregate Pro Group Involvement:

1

937,500


Aggregate Cash

Amount

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

N/A

N/A

N/A


Finder's Warrants Terms:           N/A

The Company issued a news release on September 22 , 2023 and October 16 , 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

SOURCE TSX Venture Exchange

Cision View original content: http://www.newswire.ca/en/releases/archive/October2023/17/c7022.html

News Provided by Canada Newswire via QuoteMedia

KIP:CA
The Conversation (0)
Kiplin Logo

Kiplin Metals Secures Exploration Permit for Cluff Lake Uranium Project

(TheNewswire)

Kiplin Metals Inc.

 

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Kiplin Metals Inc.

Kiplin Metals Provides Update on Private Placement

(TheNewswire)

Kiplin Metals Inc.

August 16th, 2023 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") is pleased to announce that it has elected to revise the terms of its ongoing non-brokered private placement (the " Offering ") being conducted under the Listed Issuer Financing Exemption (as defined below).  The Offering will now consist of up to 17,647,059 units of the Company (each, a " Unit ") at a price of $0.17 per Unit to raise gross proceeds of up to $3,000,000.  Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a " Warrant ").  Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.23 at any time on or before that date which is twelve months after the closing date of the Offering.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Kiplin Metals Inc.

Kiplin Metals Announces Private Placement

(TheNewswire)

Kiplin Metals Inc.

July 4th, 2023 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") is pleased to announce that it will conduct a non-brokered private placement (the " Offering "), under the Listed Issuer Financing Exemption (as defined below), of up to 15,000,000 units of the Company (each, a " Unit ") at a price of $0.20 per Unit to raise gross proceeds of up to $3,000,000.  Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a " Warrant ").  Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.25 at any time on or before that date which is twelve months after the closing date of the Offering.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Kiplin Metals Comments on Activity Surrounding the Cluff Lake Road Uranium Project, Saskatchewan

(TheNewswire)

Kiplin Metals Inc.

June 4, 2023 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") has observed a significant increase in activity surrounding its Cluff Lake Road (CLR) uranium project. Located in Saskatchewan, the project sits in a highly prospective area with neighboring companies Orano Canada, Cameco Corp., Stallion Discovery Corp., and Canalaska Uranium Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Kiplin Metals Inc.

Kiplin Metals Comments on Fission 3.0 Activities Near Cluff Lake Road Uranium Project, Saskatchewan

(TheNewswire)

Kiplin Metals Inc.

December 15 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") comments on recent results announced by Fission 3.0 Corp. (" Fission ") on their Patterson Lake North (" PLN ") Project, immediately adjacent to the Company's Cluff Lake Road (" CLR ") Uranium Project, located in northwestern Saskatchewan.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Altech Batteries Ltd  CERENERGY Battery Project Funding Update

Altech Batteries Ltd CERENERGY Battery Project Funding Update

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce an update on funding of the CERENERGY(R) sodium-chloride solid-state battery project in Saxony, Germany.

Highlights

- Financing plan and target structure in place

- Funding investment teaser documents and data room established

- Reach out to 10 commercial banks and 2 venture debt funds - all positive interests

- Shortlisting potential lead bank

- Equity Funding - potential sale of minority interest of the project to realise capital and strategic value

- Discussions and draft term sheets shared with investors

- Offtake agreement LOI signed with ZISP

On 14 June 2024, the Company, through its Germany subsidiary Altech Batteries GmbH ("ABG"), announced the appointment of global big four professional services firm ("funding adviser") to assist in securing finance for the construction of Altech's 120MWh CERENERGY(R) battery manufacturing plant in Germany. The project's financing strategy is structured across three key areas: debt, equity, and grants.

These sources will cover not only the capital expenditures but also financing costs, working capital, debt service coverage, and an additional contingency for potential business interruptions, See Figure 1*.

DEBT PROCESS

A funding invitation document (investment teaser) has been finalised and distributed to various financial institutions for debt funding in the project. The Group has engaged ten commercial banks and two venture debt funds in a first market round, receiving predominantly positive initial feedback. Several of these institutions have expressed strong interest in participating in the financing. The Group is now in the process of shortlisting potential lenders to identify the most suitable financial partners for the project. To support a thorough due diligence process, a secure data room has been set up, providing detailed project information to interested financiers and ensuring full transparency. The DFS financial model has been adjusted to stress-test various funding scenarios tailored to the lending institutions ABG has engaged with. Further steps involve determining the most suitable banks to form a syndicate and appointing a lead bank to guide the lending process. This syndicate will play a crucial role in structuring the financing arrangement to meet the project's requirements.

EQUITY FUNDING

In addition to ongoing debt financing efforts, the Group has engaged several equity advisers to support the equity component of the project's funding package. As part of this strategy, the Altech Group plans to divest a minority interest in the project to one or two strategic investors. This partial divestment aims to attract investors who can bring not only capital, but also strategic value to the project, aligning with the CERENERGY(R) project's long-term growth and sustainability objectives.

The Group is specifically targeting large utility groups, data centre operators, investment funds and corporations that are heavily involved in the green energy transition. These entities are seen as ideal partners due to their strong alignment with the project's focus on sustainable energy solutions, as well as their capacity to provide substantial financial backing.

To date, significant progress has been made in these equity discussions. Several Non-Disclosure Agreements (NDAs) have been signed, allowing for deeper engagement with prospective investors. Altech has also circulated draft term sheets to a number of interested parties, outlining the proposed terms and conditions for investment. These documents serve as a starting point for negotiations, paving the way for more detailed discussions regarding the potential equity stake and partnership structure.

The strategic decision to divest a portion of the project is aimed at reducing the overall financial burden on the Company while bringing in experienced partners who can contribute to the project's success. By securing both the equity and debt components, the Company aims to finalise the full financing package, ensuring the timely construction and commissioning of the CERENERGY(R) battery plant. The next steps will focus on advancing these discussions and converting interest into formal commitments, which are crucial for moving forward with the project.

OFFTAKE ARRANGEMENTS

On 13 September 24, Altech announced the execution of an Offtake Letter of Intent between Zweckverband Industriepark Schwarze Pumpe (ZISP) and Altech Batteries GmbH. Under this Offtake Letter of Intent (LOI), ZISP will purchase 30 MWh of energy storage capacity annually, consisting of 1MWh GridPacks, for the first five years of production. The price of these batteries has been agreed and aligns with the sales price contained within Altech's Definitive Feasibility Study. The purchase of these batteries is subject to performance tests, battery specifications and the batteries meeting customer requirements. This offtake LOI constitutes an important aspect of the financing process. This lays the foundation for additional offtake arrangements, which are currently in progress. These agreements are vital for advancing our financing and construction timelines for the CERENERGY(R) project.

CEO and MD Mr Iggy Tan stated "The funding stage of any project is the most complex and challenging process of any project. Securing a big four funding adviser with expertise and a global network is a major step in our financing efforts. Altech is advancing both debt and equity discussions, along with offtake agreements, to fully fund the CERENERGY(R) project. We are seeing strong interest, especially from European banks and potential equity partners".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/PO741A78

To view MD Iggy Tan explain the Funding, please visit:
https://www.abnnewswire.net/lnk/23705649



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
E-Power Resources Inc. Announces Closing of a Third and Final Tranche of Oversubscribed Private Placement

E-Power Resources Inc. Announces Closing of a Third and Final Tranche of Oversubscribed Private Placement

E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") announces that it has closed a third and final tranche of the private placement previously announced on September 24, 2024 (the "Private Placement"). The oversubscribed private placement was originally announced for $420,000, but a total of $526,264 was raised in all three tranches.

An aggregate of 3,150,000 units (the " Units") of the Company were issued in the third and final tranche at a price of $0.05 per Unit for gross proceeds of $157,500, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date. (the "Offering").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Mawson Finland Limited Presents Downhole EM  Geophysics: Multiple Deep Conductors Newly Identified at Rajapalot

Mawson Finland Limited Presents Downhole EM Geophysics: Multiple Deep Conductors Newly Identified at Rajapalot

Mawson Finland Limited ("Mawson" or the "Company") (TSXV:MFL) is pleased to announce results from downhole electro-magnetic "DHEM" geophysical surveys conducted at the Rajapalot gold-cobalt project in Finland

Highlights:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - EDDY

Canadian Investment Regulatory Organization Trade Resumption - EDDY

Trading resumes in:

Company: Edison Lithium Corp.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Edison Lithium Arranges Sale of Interest in Argentinian Lithium Properties for US$3.5 Million

Edison Lithium Arranges Sale of Interest in Argentinian Lithium Properties for US$3.5 Million

Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that, effective November 12, 2024, it has accepted a non-binding purchase offer letter from Mava Gasoil LLC ("Mava"), a corporation based in Houston Texas, for the sale of 100% of the interest in the Company's Argentina subsidiary, Resource Ventures S.A. ("ReVe"), in consideration for USD$3,500,000. One of the LEXI claims owned by ReVe and the royalties on that mining property, and the PINAC mining properties owned by ReVe are excluded from the sale and will be retained by Edison.

ReVe controls the rights to prospective lithium brine claims in the province of Catamarca, Argentina. The claims are principally located in the two geologic basins known as the Antofalla Salar and the Pipanaco Salar. ReVe's assets on closing of the disposition to Mava will include 30 mining concessions covering approximately 104,538 hectares area in Catamarca Province, Argentina. The Company will retain and focus its Argentinian efforts on 8 mining concessions covering approximately 35,000 hectares area in Catamarca Province, Argentina, which are not subject to the sale and amount to approximately 25% of the claims currently held by ReVe.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Argentina Lithium Announces Cancellation of the Non-Brokered Private Placement

Argentina Lithium Announces Cancellation of the Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQX Venture Market: LILIF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×