Lithium Power International Limited (ASX: LPI) (LPI or the Company) today announced the execution
of a Share Purchase Agreement with the Canadian based company, Vertex Lithium Corporation
(Vertex), to acquire LPI’s 70 per cent of lithium exploration properties on the Centenario Salar
(“Centenario”) in Argentina.
company, Marquee Resources Ltd (ASX:MQR) occurred in 2018.
portfolio for its successful IPO in June 2016. LPI’s focus in Latin America is now primarily on
developing the flagship Maricunga lithium brine project in Chile.
spending obligations set under Argentinean regulations. It also removes the cost of holding the asset
in a foreign jurisdiction in which the Company had no plans to conduct future exploration.
- Cash payments of USD$700,000, plus USD$40,000 to cover the costs to execute the
- The issue of CAD$250,000 worth of fully paid ordinary shares in Vertex.