MAJESCOR RESOURCES INC. ("MJX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 29, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an option agreement (the "Agreement") dated April 12, 2016, between three arm's length parties (collectively, the "Optionors" and the Company. Pursuant to the Agreement, the Company shall have the option to purchase 100% of the Montagne B lithium properties (approximately 708 hectares), located 8 and 12 km southwest of Nemaska Lithium's World Class Whabouchi lithium deposit in central Quebec.
In order to exercise its option, the Company must pay an aggregate of $50,000 and issue an aggregate of 5,000,000 common shares to the Optionors.
For more information, refer to the Company's news release dated May 25, 2016.
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