2023-03-27 11:08:59 ET
- Richmond Minerals ( TSXV: RMD:CA ) said Monday it executed a binding agreement between its unit 2743718 Ontario and European Lithium ( OTCQB:EULIF ).
- As per agreement terms, European Lithium has agreed to acquire, and Ontario has agreed to sell, 100% of the rights, title and interest in the Bretstein-Lachtal Project, Klementkogel Project and the Wildbachgraben Project.
- Under terms, the company will receive A$250,000 cash, 2 million fully paid ordinary shares of EUR at $0.07, and 2 million unlisted options at $0.12 each which expire 3 years from the date of issue.
- Press Release .
For further details see:
Richmond Minerals sells Austrian lithium exploration licenses to European Lithium