LITHIUM CORP ("LTUM-0") - Extends Letter Of Intent
Post# of 19
Lithium Corporation "the Company" is pleased to announce that it has extended the terms of the Letter Of Intent (LOI) with Kingsmere Mining Ltd. (Kingsmere), which was signed on February 20th, 2015. Under the terms of the LOI, Kingsmere, or their appointee may choose to purchase or option Lithium Corporation's lithium brine properties in Nevada. The closing date of the LOI has been extended to May 31st 2015.
"We are impressed with the progress that has been made towards funding an agreement on our Nevada lithium brine properties and therefore pleased to extend the terms of the LOI with Kingsmere." stated company President Brian Goss. "Our short term goals of structuring the advancement of our properties in the best possible interest of our shareholders while we evaluate the results and plan the next phase of our generative program are being met."
For further information with regard to Lithium Corporation, please contact Tom Lewis at (775) 410-2206 or via email at info@lithiumcorporation.com