Pan American Lithium Corp. Announces Amendment of Chilean Agreements and Extension of Closing Dates
December 23 2011 - 12:52PM
Pan American Lithium Corp. (the "
Company")
announces that it has entered into three agreements dated December
21, 2011 with Sociedad Gareste Limitada, a privately held Chilean
corporation ("
Gareste"), whereby the parties
agreed to extend the closing dates set out in three agreements
dated February 14, 2011 (the "
Agreements") from
December 31, 2011 to June 30, 2012.
The Agreements with Gareste include a definitive purchase
agreement, whereby the Company has agreed to acquire mineral
concessions totaling 4,200 hectares and other rights at the Salar
de Pedernales, and two binding letters of intent for earn-in/joint
venture agreements at both the Salar de Maricunga and the Llanta
aquifer project (for concessions totaling 2,400 hectares along with
other rights). Please see the Company's news release dated February
14, 2011 for additional information on the Agreements.
About Pan American:
In total, the Company has rights in eleven lithium and
potash-bearing brine projects in Chile's Atacama Region III
covering cumulatively more than 20,000 hectares. The Company also
has an option to acquire an indirect interest in the Cierro Prieto
geothermal lithium brine project in Baja California Norte, Mexico.
The Laguna Verde surface brine lake project is the most advanced of
the Company's portfolio of 11 lithium and potassium bearing brines
projects in Chile.
On Behalf of the Board
PAN AMERICAN LITHIUM CORP.
/s/ Andrew Brodkey
Andrew A. Brodkey
President and CEO Tel: (520) 623-3090
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CONTACT: Jodi Henderson
Corporate Secretary
Tel: 520-989-0032
jhenderson@kriyah.com
First Potash Corporation (TSXV:PL)
Historical Stock Chart
From Aug 2024 to Sep 2024
First Potash Corporation (TSXV:PL)
Historical Stock Chart
From Sep 2023 to Sep 2024