The company has agreed to sell its Chilean corporation holding the claims of all lithium rights and warranties for 150,000 dollars in cash to a private buyer. The first payment of $50,000 dollars was received in June 2014. Subsequent payments of $50,000 are to follow over the upcoming sixty and ninety days respectively. The company expects the transaction to be closed by the end of the third quarter 2014. The company is in negotiations to finance mining equipment for a royalty based transaction in Ecuador. The company expects this transaction to be formalized during the third quarter.
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