Altair Resources Signs Binding Letter of Intent to Acquire a Former Producing Zinc-Lead-Silver Mine in Germany

VANCOUVER , Jan. 3, 2018 /CNW/ - ALTAIR RESOURCES INC. ("Altair" or the "Company") (TSX‑V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Harold (Roy) Shipes , Chairman and CEO, is pleased to announce that that the Company has signed a binding letter of intent dated for reference December 23, 2017 , with Rhenium Technology Corporation ("Rhenium") and its shareholders (the "Rhenium Shareholders") to acquire (the "Acquisition") the former producing zinc-lead-silver Grund mine project  (the "Grund Mine Project") located in the Harz region of Germany , through the acquisition of all of the issued and outstanding shares of Rhenium.  Upon completion of the Acquisition, Rhenium will become a wholly-owned subsidiary of the Company.  The Acquisition is an arm's length transaction for the Company.

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