Chilean Lithium Salars signs definitive option agreement to divest lithium brine projects in Chile

09 October 2018
Client work

On October 9, 2018, Chilean Lithium Salars SpA ("CLS") signed a Definitive Option Agreement to sell 50% of its issued shares to MGX Minerals Inc. (CSE: XMG) (OTCQB: MGXMF) (FSE: 1MG).

CLS is a wholly owned subsidiary of Chilean Lithium Salars Pty Ltd. and holds a 100% interest in three prospective lithium exploration projects located in Chile, including Francisco Basin, Laguna Brava and Laguna Escondida Lithium Projects.

Gowling WLG was counsel to CLS on Canadian aspects of this agreement with a team that included France Tenaille (mining) and Ian Mitchell (securities).

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