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Provider: Reuters Investment Profile
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Lithium Corp signs agreement to sell properties to PATHION Inc. and announces president change


Wednesday, 20 Aug 2014 07:00am EDT 

Lithium Corp:Enters into an Asset Purchase Agreement to sell its interests in the BC Sugar flake graphite property, as well as the San Emidio and Fish Lake Valley lithium - brine properties, to PATHION, Inc.Terms of the agreement require PATHION to pay Lithium an initial $1.25 mln, and issue 500,000 common shares of PATHION stock at the Closing.Tom Lewis to step down as President of the Company, but will remain a director.Brian Goss, a consultant and a director, to assume the roles of President, Secretary and Treasurer. 

Company Quote

0.125
0.015 +13.64%
18 Sep 2014