Business
Lithium Chile Extends Maturity of Loan to San Lorenzo Gold and Receives 500,000 Shares in San Lorenzo as Consideration
(TheNewswire) CALGARY, ALBERTA, - TheNewswire - JULY 2, 2021 ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Extends Maturity of Loan to San Lorenzo Gold and Receives 500,000 Shares in San Lorenzo as Consideration\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n CALGARY, ALBERTA, -\n \n \n TheNewswire\n-\n \n \n JULY 2, 2021\n \n \n – Lithium\nChile Inc. (“\n \n \n Lithium\nChile\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n(\n \n \n TSXV:LITH) announces that it has entered into\nan agreement to amend the repayment terms of the CAD$1,000,000 loan\n(the \"\n \n \n Loan\n \n \n \") that is owed by a third party, San Lorenzo Gold Corp.\n(\"\n \n \n San Lorenzo\n \n \n \"), to extend the maturity date of the Loan from\nNovember 30, 2021 to November 30, 2022.  As consideration for the\nextension of the maturity date, and subject to the acceptance of the\nTSX Venture Exchange, the Company will be issued 500,000 common shares\nin the capital of San Lorenzo (the \"\n \n \n Shares\n \n \n \").  The\nShares will be subject to a hold period expiring four months and one\nday from the date of their issuance.\n \n \n \n \n About Lithium Chile\n \n \n \n \n Lithium Chile is advancing a lithium property portfolio\nconsisting of 71,900 hectares covering sections of 10 salars and two\nlaguna complexes in Chile and now, 23,300 hectares in Argentina.\n \n \n \n \n Lithium Chile also owns 5 properties, totaling 22429\nhectares, that are prospective for gold, silver and copper.\nExploration efforts are continuing on Lithium Chile’s Carmona\ngold/silver/copper property which lies in the heart of the Chilean\nmega porphyry gold/ silver/copper belt.\n \n \n \n \n Lithium Chile’s common shares are listed on the TSX-V\nunder the symbol “\n \n \n LITH\n \n \n ” and on the OTC-BB under the symbol\n“\n \n \n LTMCF\n \n \n ”.\n \n \n \n \n To find out more about Lithium Chile Inc., please\ncontact Steven Cochrane, President and CEO via email:\n \n \n \n \n [email protected]\n \n \n \n \n or alternately, Terry Walker VP Exploration email\n \n \n \n \n [email protected]\n \n \n \n \n \n \n NEITHER THE TSX\nVENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS\nDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n \n \n \n \n NOT FOR RELEASE IN\nTHE UNITED STATES OF AMERICA\...