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Signs Letter of Intent to Acquire the Laguna Caro Lithium Property
Publié le 23 décembre 2009
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Panthera Signs Letter of Intent to Acquire the Laguna Caro
Lithium Property
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Panthera Exploration Inc. (the "Company") (PNX-TSX.V; PNXLF-OTC;
OAY-Frankfurt) is pleased to announce that it has executed a binding
Letter of Intent (LOI) to acquire the Salar de la Laguna Caro property
in the western part of Salta Province, Argentina. A payment of
US$10,000 was made on execution of the LOI.
The property consists of two exploration concessions totaling 3000 ha
covering a significant portion of the Salar de la Laguna Caro which
Panthera believes has potential to host a lithium bearing, saline brine
deposit.
Terms of the LOI provide for an initial 60 day standstill period,
during which the Company will conduct a due diligence review of the
project. If satisfactory, the Company may elect to negotiate and
execute a definitive Option to Purchase Agreement to acquire a 100%
interest in the property by making payments comprised of: US$50,000 on
signing; US$90,000 after 6 months; and further escalating payments over
a 30 month period for an aggregate US$900,000. The vendor will retain a
1% sales royalty which can be purchased by the Company at any time for
US$1.0 million.
ON BEHALF OF THE BOARD
"Bruce Winfield"
Bruce Winfield, President & CEO
For further information please contact, Bruce Winfield at
1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email
info@pantheraexploration.com, or visit the Company's web site at
http://www.pantheraexploration.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or the accuracy of this
release.
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Copyright (c) 2009 PANTHERA EXPLORATION INC. (PNX) All rights
reserved. For more information visit our website at
http://www.pantheraexploration.com/ or send
mailto:info@ameraresources.com
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