Followers | 53 |
Posts | 11113 |
Boards Moderated | 11 |
Alias Born | 06/25/2009 |
![](https://investorshub.advfn.com/uicon/158315.png?cb=1709213144)
Monday, February 27, 2023 10:35:47 AM
RECHARGE RESOURCES CORP. FOR POCITOS 2
PROJECT GlobeNewswire February 27, 2023
Vancouver, British
Columbia, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Spey Resources
Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey" or the
"Company") is pleased to announce that it has entered into
an option agreement ("Agreement") with Recharge Resources
Corp. ("Recharge Resources") pursuant to which Recharge
Resources may acquire a 100% interest in the Company's
Pocitos 2 Project, a 532 hectare lithium brine project
located just outside of Salta, Argentina (the
"Option").
Under the terms of the
Agreement, Recharge Resources may exercise the Option by:
(1) paying the Company US$744,800 on or before June 30, 2023
and (2) issuing to the Company $500,000 worth of common
shares in the capital of Recharge Resources within seven (7)
business days following February 21, 2023 (the "Effective
Date").
In addition, Recharge Resources, in
the event the Option is exercised, is obligated to pay to
the Company an additional $500,000, in cash or common shares
in the capital of Recharge Resources, within
â??â??eighteen (18) months following the Effective
Date.
Upon the satisfaction of all payments
and expenditures, and the exercise of the Option in full, a
royalty of 7.5% of the FOB price of lithium carbonate or
other lithium compounds sold on the Pocitos 2 Project shall
remain payable pursuant to an underlying agreement.
All the common shares issued under the
Agreement will be subject to a four month hold period under
applicable Canadian securities laws.
About
Spey Resources Corp.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00044983
![Bullish](/static/images/ih2-bull.png)
If THEIR IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG
FEATURED Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM