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First Legacy Mining Corp. to Close Over-Subscribed Private Placement and Receives TSX Venture Exchange Approval for Option Agreement With Spectrum Mining Corporation to Acquire Rare Earth Element Project
First Legacy Mining Corp. to Close Over-Subscribed Private Placement and Receives TSX Vent...
About this update from Defense Metals Corp.
[{"type":"text","content":"\n\n\n\nFirst Legacy Mining Corp. to Close Over-Subscribed Private Placement and Receives TSX Venture Exchange Approval for Option Agreement With Spectrum Mining Corporation to Acquire Rare Earth Element Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen1{\nBORDER-TOP:0pt; BORDER-RIGHT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt; BORDER-LEFT:0pt\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 21, 2018\n\n\n\nVANCOUVER, Dec. 21, 2018 /CNW/ - First Legacy Mining Corp. (the \"Company\") (TSX-V: FLM) is pleased to announce that further to its news release dated November 26, 2018, the TSX Venture Exchange (\"TSXV\") has approved the Company's option agreement (the \"Agreement\") with Spectrum Mining Corporation (\"Spectrum\") dated November 22, 2018, pursuant to which the Company has the option (the \"Option\") to acquire all of the issued and outstanding shares of Spectrum (the \"Acquisition\"), a private British Columbia incorporated company, that is the legal, beneficial and registered holder of a one hundred percent (100%) interest in and to six (6) mining claims located in the Cariboo Mining Division, British Columbia known as the Wicheeda Rare Earth Element Project (the \"Property\"). \nTerms of the Agreement\nPursuant to the Agreement, in order to exercise the Option and to maintain the Option in good standing, the Company must: \n(a)  \nincur expenditures in respect of the Property totaling $1,930,000 as follows: \ni.    \n$680,000 within 12 m...