American Lithium agreement for Extinction Ridge
2019-01-28 16:54 ET – Property Agreement
The TSX Venture Exchange has accepted for filing documentation in with a purchase/royalty agreement dated Nov. 5, 2018, between the company and Nevada Alaska Mining Company Inc. (Robert Craig), whereby the company will acquire the Extinction Ridge project, located in Eureka county in Nevada. Consideration is $100,000 and 250,000 common shares. The property is subject to a 2-per-cent net smelter return royalty, of which one-half can be purchased for a period of six years for $1-million (U.S.), subject to further exchange review and acceptance.
https://www.americanlithiumcorp.com/news/
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