High Times
Home > Boards > Free Zone > User's Groups > STOCKGOODIES PLAYS OF THE WEEK

$LTMCF / V.LITH The MOU contemplates the

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Let's Roll Member Profile
Member Level 
Followed By 806
Posts 188,784
Boards Moderated 6
Alias Born 06/09/06
160x600 placeholder
Let's Roll Member Level  Wednesday, 06/13/18 11:21:31 AM
Re: None
Post # of 2788080 
$LTMCF / V.LITH The MOU contemplates the Pintadas Norte exploration program will have a term of three years involving an annual financial commitment of CDN$1,000,000 to be paid by Prosper One. The first annual financial commitment is payable within 60 days from the date of the completion of the equity investment by Prosper One into Lithium Chile. Prosper One has no obligation to complete the second or third year financial commitment whereupon it will surrender its interest. Upon completion of the Pintadas Norte exploration program, Prosper One will have earned a 55% working interest in the Pintadas Norte property. Further, the Joint Venture Agreement will include a provision allowing Prosper One to earn an additional 20% working interest in the Pintadas Norte property upon completion of a pre-feasibility study. Lithium Chile will operate the Pintadas Norte exploration program on behalf of the joint venture for which it will receive a management fee equal to 17.5% of the funds expended under the Pintadas Norte exploration programs. The Joint Venture Agreement will provide that Prosper One will be entitled to nominate a representative to the Joint Venture operating committee and provides each party the ability to complete a due diligence review.

https://finance.yahoo.com/news/prosper-one-enters-mou-spend-110000563.html

Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist