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InvestmentPitch Media Video Discusses Erin Ventures Extended Exploration License for Wholly-Owned Piskanja Boron Project in Serbia - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2018) - Erin Ventures Inc. (TSXV:...
About this update from Boron One Holdings Inc
[{"type":"text","content":"InvestmentPitch Media Video Discusses Erin Ventures Extended Exploration License for Wholly-Owned Piskanja Boron Project in Serbia - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - September 20, 2018) - Erin Ventures Inc. (TSXV: EV) (OTCBB: ERVFF) reported that its exploration license for its wholly-owned Piskanja Boron Project has been extended. In accordance with the mineral exploration laws of the Serbian Ministry of Mining and Energy, Erin has until September 18, 2020 to complete the next phase of its exploration work, with the right to a further 2-year extension beyond that date, as required.InvestmentPitch Media has produced a \"video\" which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Erin\" in the search box.Cannot view this video? Visit:http://www.investmentpitch.com/Additionally, the issuance of this exploration license extension has triggered a 90-day financing option of US$5.135 million, the first of two financing options, which were previously granted to a strategic partner. As the strategic partner, a London based commodity investment specialist, is currently engaged as an integral part of an IPO process of a substantial mining complex, it will be referred to as \"InvestCo\", as Erin is unable to divulge the company's identity at this time.As a result, Erin is now readying plans to continue the exploration works required to advance its Piskanja Project towards feasibility, in anticipation of the financing option being exercised shortly.Piskanja, located 250 kilometres south of Belgrade, Serbia, is in a historical mining region with good infrastructure for mining, including roads, rail, electric power, and experienced miners. Piskanja is a high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes, averaging 31 percent boron oxide, and an inferred resource of 3.4 million tonnes, averaging 28.6 percent boron oxide. For more information please refer to the NI 43-101 report on Sedar.com.Under the terms of the Agreement, InvestCo has the right to make equity investments in two tranches, totaling US$20.135 million, with the proceeds to be used for the advancement of Erin's wholly-owned Piskanja Borate Project. InvestCo's Tranche 1 90-day financing option has now been triggered as a result of Erin receiving t...