AMERICAN LITHIUM CORP. ("LI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 16, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Royalty Buyback Agreement dated July 9, 2020 between the Company and Nevada Alaska Mining Co., Inc. (Robert Craig), the "Vendor", whereby the Company will acquire a portion of the existing gross overriding royalty that the Company has the rights to the TLC Project located in Nye County, Nevada. The Vendor retained a 2.5% gross overriding royalty on commercial production from the Property of which the Company purchased 1.5% in consideration of US$150,000 and 843,750 common shares.
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