Sovereign Lithium, Inc. Terminates All of Its Mineral Exploration Option Agreements
April 10 2014 - 6:59PM
Business Wire
Sovereign Lithium, Inc. (the “Company”)(OTCBB: SLCO), a
mineral exploration and development company, announces the Company
terminated its option to acquire certain unpatented mineral claims
in and around Esmeralda County, Nevada (the "Clayton Valley
Property") under the mineral option property agreement (the
"GeoExplor Option Agreement") dated June 13, 2012, among
GeoXplor Corporation ("GeoExplor") and the Company. The
termination of the GeoExplor Option Agreement was effective as of
April 2, 2014. The Company no longer has any rights or interests in
the Clayton Valley Property and has no future obligations related
to the Clayton Valley Property or to GeoXplor.
The Company also wishes to announce it has terminated its option
to acquire a 60% interest in certain mineral claims in and around
Trail, British Columbia (the "Bear Creek Property") under
the mineral option property agreement (the "GeoExplor Option
Agreement") dated June 7, 2012 and with an effective date of
April 28, 2012, among 0911325 B.C. Ltd., ("Wallach") and the
Company. The termination of the Wallach Option Agreement was
effective as of April 2, 2014. The Company no longer has any rights
or interests in the Bear Creek Property and has no future
obligations related to the Bear Creek Property or to Wallach.
FORWARD-LOOKING INFORMATION
This press release includes certain statements forward-looking
in nature and that involve a number of uncertainties and risks.
Such forward-looking statements are within the meaning of that term
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements in this press release are based on
Sovereign Lithium, Inc.'s current expectations and projections
regarding future events, which are based on available information.
The forward-looking statements in this press release may also
include statements relating to Sovereign Lithium Inc.'s anticipated
new developments, business prospects, financial performance,
strategies and similar matters. Sovereign Lithium, Inc. disclaims
any obligation to update its forward-looking statements, except as
required by law.
Sovereign Lithium, Inc.Investor Relations:Steve Carr,
1-800-673-5088ir@sovereignlithium.com
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