Pioneer to earn into Ontario lithium project

March 15, 2016

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ASX-listed Pioneer Resources has entered into an option agreement and strategic alliance with TSX-listed International Lithium Corporation (ILC) over the Mavis lithium project, in Ontario.

Under the terms of the agreement, announced on Tuesday, Pioneer had subscribed for C$100 000 units in ILC, at a price of 8c each, comprising one common share and one-half of a transferable common share purchase warrant, which entitled the holder to acquire one common share at an issue price of 12c each, for a period of four years.

Category: General