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

1 minute read
09 October 2018
Client work

Team:

France Tenaille, R. Mitchell

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).

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.
Related   Mining

Team

Related Insights & Resources

View all insights Related Insights & Resources
Client work
17 April 2024 Rio2 closes $23 million offering
Client work
09 April 2024 Nortec sells stake in Kietyönmäki Lithium Project in Finland
two individuals analyzing environmental data on site Articles
14 March 2024 Federal Impact Assessment in Flux: The implications of the Supreme Court's decision in the Reference re Impact Assessment Act

Team

Download or print PDF