Brief: Prosper One Enters MoU To Spend $3 Mln To Earn 55 Pct Of Lithium Chile's Pintadas Norte Project

Lithium Chile

13/06/2018 12:13

June 13 (Reuters) - Lithium Chile Inc  LITH.V :
    * PROSPER ONE ENTERS MOU TO SPEND $3M TO EARN 55% OF LITHIUM
CHILE'S PINTADAS NORTE PROJECT
    * LITHIUM CHILE INC - ANNOUNCE THAT IT HAS ENTERED INTO MOU
WITH
PROSPER ONE INTERNATIONAL HOLDINGS COMPANY LIMITED
    * LITHIUM CHILE INC - CO WILL RECEIVE A MANAGEMENT FEE FROM
PROSPER ONE EQUAL TO 17.5% OF FUNDS EXPENDED ON PINTADAS NORTE
EXPLORATION PROGRAMS
    * LITHIUM CHILE INC - PROSPER ONE INTERNATIONAL HOLDINGS TO
MAKE A
$1 MILLION EQUITY INVESTMENT IN CO AT A MINIMUM PRICE OF $1.00
PER SHARE

Source text for Eikon:  ID:nCNW8JJnWa 
Further company coverage:  LITH.V 

 ((Reuters.Briefs@thomsonreuters.com;))