The TSX Venture Exchange has accepted for filing documentation a mineral property option and assignment agreement between Redhill Resources Corp., now Millennial Lithium Corp., and Stevenson & Associates Investor Relations Ltd. (Kyle Stevenson), pursuant to which the company can acquire a 100-per-cent interest in the Lincoln lithium property, located in Nevada. In consideration, the company will make cash payments totalling $1-million, issue a total of 1.5 million shares and undertake a total of $250,000 in exploration expenditures:
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Year 1, $250,000 cash, 1.5 million shares and $250,000 in work expenditures;
- Year 2, $750,000 cash
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