Brief: Ultra Lithium Buys 13 Additional Gold Mining Licenses In Argentina

Ultra Lithium

26/06/2019 13:58

June 26 (Reuters) - Ultra Lithium Inc  ULI.V :
    * ULTRA LITHIUM ACQUIRES 13 ADDITIONAL GOLD MINING LICENSES
IN
ARGENTINA
    * CO SIGNED AGREEMENT WITH LOCAL VENDOR TO ACQUIRE THIRTEEN
GOLD
MINING LICENSES IN CHEPES AREA, LA RIOJA PROVINCE, ARGENTINA
    * CHEPES LICENCES ARE LOCATED ON PAST PRODUCING HISTORICAL
GOLD
MINES, WHICH ARE CONSIDERED FAVOURABLE FOR EXPLORATION OF GOLD,
COPPER
    * A TOTAL OF THIRTEEN GOLD MINING LICENSES COVERING 508
HECTARES
WERE ACQUIRED BY MAKING CASH PAYMENTS OF US $2,000 PER LICENSE
    * COMPANY WILL PAY VENDOR 10% OF PROFIT FROM ANY FUTURE
PRODUCTION
FROM CHEPES LICENCES
    * ULTRA LITHIUM-AGREED TO PAY VENDOR 5% OF PROFIT FROM
FUTURE
PRODUCTION FROM ULTRA I, ULTRA II, ULTRA III EXPLORATION
LICENCES IN CHEPES LICENCES VICINITY

Source text for Eikon:  ID:nGNX6R2gKG 
Further company coverage:  ULI.V 

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