Southern Lithium announces that further to its news release dated November 3, 2016, it has completed the first tranche of its non-brokered private placement of 3,322,000 units at a price of $0.25 per Unit for aggregate gross proceeds of $830,500. Each Unit consists of one common share and one Share purchase warrant of the Company. Each Warrant will entitle the holder to purchase one Share at an exercise price of $0.35 per [...]
Southern Lithium is pleased to announce that a Phase One exploration program has been designed for its Cruz lithium brine property, located in Salta Province. This first phase of the technical work commencing this month will entail the execution of a US$500,000 exploration program at the Cruz Property and will consist principally of geophysics (CSAMT), with well drilling and brine sampling starting in January 2017. The [...]
On November 17th, 2016, Southern Lithium announced that it has executed a formal option agreement with Proyecto Pastos Grandes, a wholly owned subsidiary of Millennial Lithium, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA's Cruz property in the Pocitos salar basin in Salta Province. The terms of the Definitive Agreement: In order for the Company to acquire a seventy percent (70 [...]
Southern Lithium announced that it has executed a formal option agreement with Proyecto Pastos Grandes to be granted an option to acquire an eighty percent (80%) interest in the PPG SA's Cruz property in the Pocitos salar basin in Salta Province, Argentina. The transaction is subject to TSX Venture Exchange approval.
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