18:04:16 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Routemaster Capital Inc
Symbol RM
Shares Issued 16,667,478
Close 2016-12-08 C$ 0.10
Market Cap C$ 1,666,748
Recent Sedar Documents

Routemaster acquires one million shares of Desert Lion

2016-12-09 08:06 ET - News Release

Mr. Fred Leigh reports

ROUTEMASTER ANNOUNCES INVESTMENT IN DESERT LION

Routemaster Capital Inc. has acquired one million common shares in the capital of 2523701 Ontario Inc. (to be renamed Desert Lion Energy Inc.) at a price of 25 cents per common share for an aggregate investment of $250,000.

Desert Lion, a private Ontario company, has entered into a definitive agreement to acquire the Rubikon lithium project in Namibia. The project is a brownfield hardrock exploration-stage lithium project with no existing royalties or net smelter royalty obligations on the land package. Desert Lion expects to complete its purchase of the project by the end of the first quarter of 2017. Desert Lion has an experienced management team led by Tim Johnston, Desert Lion's president and chief executive officer. Mr. Johnston was formerly Hatch's specialist in project management and transactional analysis for its global lithium business. During his time with Hatch, Mr. Johnston evaluated hundreds of lithium projects and managed the development of lithium projects around the world for Rockwood Lithium, Bacanora Minerals, AMG-NV, Rio Tinto and other key developers. Mr. Johnston is a certified PEng and a CFA charter holder.

Fred Leigh, president and chief executive officer of the company, commented: "We are excited about our investment in Desert Lion. The Rubikon lithium project is a quality exploration asset in a mining-friendly jurisdiction and we believe that Desert Lion's experienced management team is well suited to unlock its value for shareholders."

We seek Safe Harbor.

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