LITH - Prosper One Enters MOU to Spend $3M to Earn 55% of Lithium Chile's Pintadas Norte Project

CALGARY, June 13, 2018 /CNW/ — Lithium Chile Inc. (“Lithium Chile” or the “Company“)(TSX-V:LITH)(OTC:LTMCF)(FRA:KC3) is pleased to announce that it has entered into a memorandum of understanding (“MOU“) with Prosper One International Holdings Company Limited (“Prosper One“), a Hong Kong Stock Exchange listed company.

MOU Highlights Prosper One and Lithium Chile will enter into a joint venture agreement (“Joint Venture Agreement”) whereby Prosper One may earn a 55% interest in Lithium Chile’s Pintadas Norte project in Chile by incurring $3,000,000 of staged exploration expenditures on or before December 31, 2021; and Prosper One to make a $1,000,000 ...