Imagine Lithium Sells Its Interests in Red Lake
Imagine Lithium Sells Its Interests in Red Lake
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2022) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") announced today that it has signed amended agreements to divest of all of its holdings in the Red Lake area to Trillium Gold Mines Inc. (TSXV: TGM) ("Trillium"), and Pegasus Resources Inc. ("Pegasus").
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年4月27日)-想象一下鋰公司。(多倫多證券交易所股票代碼：ILI)(場外交易代碼：ARXRF)(以下簡稱“公司”或“Imagine”)今天宣佈，已簽署修訂協議，將其在紅湖地區的所有持股出售給Trillium Gold Mines Inc.(TSXV：TGM)(“Trillium”)和Pegasus Resources Inc.(“Pegasus”)。
Further to its news release dated December 15, 2021, Trillium and Imagine have signed an amended Definitive Agreement (the "Definitive Agreement") whereby Trillium will acquire a majority of Imagine's property holdings known as the Eastern Vision Project, located in the Confederation Lake assemblage of the Birch-Uchi greenstone belt in the Red Lake District, Ontario. Under the terms of the Definitive Agreement, Trillium will acquire 13,958 hectares between the Fredart, Confederation North, and Confederation South properties for a consideration of 2,800,000 common shares of Trillium and $175,000 in cash.
繼其於2021年12月15日發佈的新聞稿後，Trillium和Imagine簽署了經修訂的最終協議(“最終協議”)，根據該協議，Trillium將收購Imagine的大部分物業，即東方願景項目，該項目位於安大略省紅湖區Birch-Uchi綠巖帶的聯邦湖組合中。根據最終協議的條款，Trillium將以2800,000股Trillium普通股和175,000美元現金的代價收購Fredart、聯邦北部和聯邦南部物業之間的13,958公頃土地。
In addition, Imagine has entered into an Amending, Settlement and Termination Agreement with Pegasus (the "Pegasus Agreement") with respect to the February 3, 2020 agreements relating to the Garnet Lake property and portions of the Fredart property (the "Option Agreements"). Under the Pegasus Agreement, Pegasus has agreed to issue to Imagine 5,000,000 common shares of Pegasus in exchange for delivery of certain payment obligations under the Option Agreements and Imagine relinquishing its right to complete the option for the claims under the Option Agreements. The Definitive Agreement and the Pegasus Agreement remain subject to TSX Venture Exchange approval.
此外，Imagine已就2020年2月3日有關石榴湖物業及Fredart物業部分的協議(“購股權協議”)與飛馬訂立修訂、和解及終止協議(“飛馬協議”)。根據飛馬協議，飛馬已同意發行想象5,000,000股飛馬普通股，以換取履行期權協議項下若干付款責任，並設想放棄完成期權協議項下認購權的權利。最終協議和飛馬協議仍有待多倫多證券交易所創業板交易所的批准。
J.C. St-Amour, President of Imagine commented, "The transactions to divest of the Red Lake properties gives Imagine, through its share ownership in Trillium and Pegasus, exposure to a larger consolidated land package extending greater than 100 km in length in the Red Lake area. This also allows us to focus our exploration efforts on our 100% owned Jackpot Lithium project where a drill program is actively underway."
Imagine總裁J.C.St-Amour表示：“剝離Red Lake資產的交易使Imagine通過其在Trillium和Pegasus的股份，接觸到紅湖地區長度超過100公里的更大的綜合地塊。這也使我們能夠將勘探努力集中在我們100%擁有的Jackpot鋰項目上，該項目的鑽探計劃正在積極進行中。”
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*. The Company recently acquired additional claims with additional lithium showings located on strike to the main historical resources.
Jackpot鋰礦位於安大略省桑德灣東北約140公里處的喬治亞湖地區，從橫貫加拿大的駭維金屬加工(11號高速公路)和連接蘇必利爾湖港口城市尼皮貢的主要鐵路乘飛機約12公里。該礦區含有已知的含鋰花崗偉晶巖脈，其中兩個以1.09%鋰提供了200萬噸的歷史資源量。2O和75萬噸，1.38%鋰2O*。該公司最近獲得了更多的索賠，對主要歷史資源進行了更多的鋰礦開採。
Qualified Person
有資格的人
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.
本新聞稿的技術內容得到了由國家儀器43-101定義的獨立合格人員Michel Boory，PhD，P.Geo的批准。
* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
* 上述估計均視為歷史資料，並未經本公司核實或用作經濟評估之依據。這些歷史礦產資源不是指NI-43-101第1.2和1.3節中的任何類別，例如2010年CIM《礦產資源和礦產儲量定義標準》中所述的礦產資源或礦產儲量。原因在於該公司無法核實通過各種歷史鑽探活動獲得的數據。該公司尚未做足夠的工作來將歷史估計歸類為當前礦產資源或礦產儲量。
About Infinite Ore Corp.
關於無限礦石公司
Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.
無限礦是一家專注於尋找和收購世界級礦產項目的初級礦業勘探公司。該公司擁有位於安大略州尼皮貢附近的Jackpot鋰礦，其中包含已知的偉晶巖礦藏，其中包括兩個200萬噸的歷史資源，分級為1.09%Li2O和75萬噸，1.38%鋰2O.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
我代表董事會
《J.C.St-Amour》
J.C.聖-阿穆爾總統
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
欲瞭解更多信息，請聯繫：
電話：+1-604-683-3995
免費電話：1-888-945-4770
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 accuracy of this release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
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