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honestly I am impressed if they follow thru. Most of these pennies steal your money to pay the cleaning lady......lol
closing above 4.13 is key but a close here is fine.....
should run to a penny tomorrow
Elko, NV (FSCwire) - Lithium Corporation [OTCQB – LTUM] (“the Company”) is pleased to announce that it has signed a Letter of Intent (LOI) with 1032701 B.C. LTD., a private British Columbia company with respect to the Company’s Fish Lake Valley lithium brine property in Esmeralda County, Nevada (the “Property”).
1032701 BC Ltd., or their successor or assigns (“Optionee”), which is to be a company acceptable to our Company and listed on the TSX Venture Exchange (the “TSX-V”) will have the Option to earn an 80% interest in the Property by performing the following upon the signing of a Definitive Agreement, that is to take place no later than April 1st, 2016:
Upon signing, pay $100,000 to Lithium Corporation and issue 200,000 common shares of the Optionee/ TSX-V listed public company.
On or before the first anniversary of the signing of the Definitive Agreement pay $100,000 to Lithium Corporation and issue 100,000 common shares of the Optionee/TSX-V listed public company.
On or before the second anniversary of the signing of the definitive agreement pay $100,000 to Lithium Corporation and issue 100,000 common shares of the Optionee/TSX-V listed public company.
Optionee must make qualified exploration or development expenditures on the Property of $200,000 before the first anniversary, an additional $300,000 before the second anniversary, an additional $600,000 prior to the third anniversary, and make all payments and perform all other acts to maintain the Property in good standing before fully earning their 80% interest. Additionally, terms will be negotiated for the Optionee to purchase the Company’s 20% interest in the property for $1,000,000, at which point the Company’s interest would revert to a 2 ½% Net Smelter Royalty (NSR). Optionee may then elect at any time to purchase one half of Lithium Corporation’s NSR for $1,000,000.
Brian Goss, President of Lithium Corporation stated, “We have achieved a major milestone towards reaching our goal of finding a partner to advance exploration at Fish Lake Valley. This agreement, once completed, will de-risk our interest in the property for the next $1.1 million of exploration and development, allow us to maintain an interest in Fish Lake Valley, and build a relationship with a new partner group. The Lithium Corporation team looks forward to closing a Definitive Agreement pursuant to these terms.”
For further information with regard to Lithium Corporation, please contact Tom Lewis or Brian Goss at (775) 410-2206 or via email at info@lithiumcorporation.com
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, looking to capitalize on opportunities within the ever expanding next generation battery markets. The Company maintains a strategic alliance with Altura Mining, an ASX listed natural resource development company that is currently searching for off-take contracts for its 100% owned world-class Pilgangoora lithium pegmatite property in Western Australia.
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but limited to: that a definitive option agreement will be entered into with an acceptable TSX-V listed company or that such company will be able to comply with its obligations under such agreement.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Lithium02162016.pdf
Source: Lithium Corp. (OTCQB:LTUM) http://www.lithiumcorporation.com/
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2016 Filing Services Canada Inc.
nice pop on the open!
I am not here to bash a company but honestly they are where they are because they have nothing to offer anyone at this point. They can reverse all they want and while I understand the logic in that statement, what does this company have to offer at this point? If they truly have a drug in some phase, then release that information to us, the share holders, to which we are left holding the bag if this thing goes poof. Again, let me be clear I own this stock and I am not bashing the company. And if anyone from this company is reading any of these posts, the best way to increase your bid and ask is to actually produce or create something of value. Stock reverses in almost every case never do a dam thing for stock holder value ever. I have seen all too often an ok company that looks to be going in the right direction shoot themselves in the foot by doing a reverse and killing whatever shot they have at growing shareholder value. With that being said, I guess we will know shortly which way we go.
here we go........
It's already hit its bottom. It may not rally much above 110 near term, but it's done bottoming. The company has solid fundamentals and leads in its space. If anything face book may have challenges more than linked in. Linked in is working on a new lead generation program for its members that looks very interesting. I will pay the bucks if it works the way they say it will.
So many miners are so cheap. It's a slam dunk the way this country is going.....
I really didn't mean going under. I meant the stock price was killing the love....
I have always liked this company. Good place to buy now.
Be patient everyone just watch......
In a week or two. I expect the numbers will be good due to Oprah effect.
no way they are going under. Too many policies in force. Just don't sit in too long and swing trade it.
Perception killed this stock nothing more nothing less, however technical you want to make this, it won't apply. If they re-combobulate themselves, we are good to go.
back in already there..........
We are going higher. Metals are the only safe haven and this group is so oversold it's silly. Wait till the average Joe starts buying......BAM!
should be up 10% today easy same with HL.
A buy here on the open.
I suspect Monday will be an up day due to folks who didn't buy Friday. Probably more shorts in it now so that will be fun to watch the covering that comes in soon. Always wanted to own this one. By the way, they are working on a new lead system for businesses so i expect that to take off soon. Could be a huge revenue builder when its launched soon!
I agree. good thing we don't own linked in.....lol
we definitely need more action
ABOT-just keep an eye on it. Developing story......
ABOT longer term play but low float could send this much higher.
ABT's Scoobeez Expands to a Second Location in Northern California
9:00 am ET February 2, 2016 (Globe Newswire) Print
ABT Holdings (OTC Pink: "ABOT," or the "Company") today announced that its subsidiary, Scoobeez - an "On Demand" door-to-door logistics and delivery service company, continues its expansion in the Bay Area. Scoobeez SF was the Company's first operating location in Northern California in the fourth quarter of 2015, which is dedicated to serve the Bay Area region, specifically San Francisco, which has become a key center for the "On-Demand" Hyper Efficient Logistics market.
Scoobeez SF has been one of the most profitable hubs for the Company as San Francisco and the surrounding areas are experiencing phenomenal growth for on-demand delivery services due to the affluent and technologically savvy demographic. The Company also expects to open another location in Oakland, California in the first quarter of fiscal 2016 to service the ever growing needs for Scoobeez services.
"Like Los Angeles, San Francisco is a major center for the on-demand delivery model, where several opportunities have opened for Scoobeez to execute real-time fulfillment of goods and services at an enterprise level," said Shahan Ohanessian, CEO of ABT. "We are taking the experience from our previous successes and efficiently executing mission-critical deliveries in the Bay Area that need immediate customized pickup and door-to-door deliveries within the shortest possible time-frame."
For more details on ABT Holdings, click here.
For more details on AutoClaim App, click here.
For more details on Scoobeez, click here.
For more Company information, click here.
About the Company
ABT Holdings, Inc., is a diversified holding company engaged in acquiring, developing and growing various businesses that provide strategic advantages, generate attractive returns and significant free cash flow in order to maximize value of our shareholders.
About Scoobeez
Based in Los Angeles, California, Scoobeez is a "Real Time Delivery" and "Same Day" door to door delivery service company that facilitates same day deliveries for enterprise clients. Scoobeez's value proposition includes utilization of technologies, exceptional customer experience, and logistic creativity to deliver its clients' products to their customers within the shortest possible time-frame. For more information, please visit Company's website, click here. You may connect and follow Scoobeez on Facebook, Twitter and Instagram.
Safe Harbor / Forward-Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "anticipate," "believe," "forecast," "estimate," "expect," and "intend," among others. These forward-looking statements are based on the Company's current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, substantial competition; our possible need for financing; uncertainties of technological changes; and dependence upon third parties. The Company does not undertake an obligation to update or revise any forward-looking statement. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.
Company's Contact:
Imran Firoz, CFO
ABT Holdings, Inc.
OTC PINK: ABOT
225 S Lake Avenue | Suite 300 | Pasadena | CA 91101
T: +1 818.302.0100
E: ir@abtholdings.com
Pasadena, CA, Jan 28, 2016 - ABT Holdings (OTC Pink: ABOT, the "Company") today announced that it has selected Marc J. Ross and the law firm, Sichenzia Ross Friedman Ference LLP ("SRFF"), to represent and advise the Company in connection with its plan to become a fully SEC reporting company.
Sichenzia Ross Friedman Ference LLP represents companies in all matters involving the securities industry, as well as in all general corporate and litigation matters. The firm is headquartered in New York.
"We are extremely pleased to be working with SRFF as they have extensive experience in corporate and commercial transactions, capital markets, mergers and acquisitions and securities rules and regulations," said Shahan Ohanessian, CEO of ABT. "We at ABT and its family of businesses are in a rapid growth phase where we feel SRFF can provide us guidance in navigating complex legal matters found in the current business environment and ever changing regulatory landscape."
SRFF founding partner Marc J. Ross, Esq. commented, "We look forward to working with Shahan and the Company as it implements its plan to become a publicly reporting company. We believe that the Company has a compelling story that will attract significant market interest."
Get more details on ABT Holdings, click here.
Get more details on AutoClaim App, click here.
Get more details on Scoobeez, click here.
Get more Company information, click here.
About Sichenzia Ross Friedman Ference LLP
Sichenzia Ross Friedman Ference LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes SRFF's attorneys as among the highest rated securities lawyers in the nation. SRFF's attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, SRFF's litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals.
About the Company
ABT Holdings doing business as ABT Holdings a diversified holding company engaged in acquiring, developing, and growing various businesses that provide strategic advantages, generate attractive returns and significant free cash flow in order to maximize value of our shareholders.
About Scoobeez
Scoobeez based out of Los Angeles, California is a "Real Time Delivery" "Same Day" door to door delivery service company facilitate same day deliveries for enterprise clients. Scoobeez's value proposition include utilization of technologies, exceptional customer experience, and logistic creativity to deliver its clients products to their customers within the shortest possible time-frame. For more information, please visit company's website, click here. You may connect and follow Scoobeez on Facebook, Twitter and Instagram.
Safe Harbor / Forward-Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "anticipate," "believe," "forecast," "estimate," "expect," and "intend," among others. These forward-looking statements are based on the Company's current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, substantial competition; our possible need for financing; uncertainties of technological changes; and dependence upon third parties. The Company does not undertake an obligation to update or revise any forward-looking statement. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.
Company's Contact:
Imran Firoz, CFO
ABT Holdings, Inc.
OTC PINK: ABOT
225 S Lake Avenue | Suite 300 | Pasadena | CA 91101
T: +1 818.302.0100
E: ir@abtholdings.com
http://resource.globenewswire.com/Resource/Download/e91a4cf4-d256-4c31-83d2-05372cd90b12?size=1
we are getting close to the 50. Looks like 2.88 maybe??
At this rate we will be at a buck by March. I'll wait it out not sure if anyone else is watching but it is sort of interesting.
ABOT is going to take a run any minute. Maybe news pending guess we will see............
And now they take the deal. I gotta change careers. No way this would not happen......
I work in the insurance industry the Dems are killing us.
lots of insiders buying It looks like....
can someone update me on this deal? haven't followed up much and obviously the stock tanked. thanks
Yea but some of his picks are ok
Most traders are probably out now so we will see consolidation going forward as someone else said. A reasonable assumption is to accumulate on down days. They are not shy so expect more news as well and that will bring in new money.
If we close today over 2.70 or so we re golden for next week. I may buy more if it dips.......
nice to see this today. Good for them!
no clue OTC, but the world has changed. AUY will do better over time.
they better call someone back or say something or I am out.