Superior Mining Receives Final Approval to Proceed with Vieux Comptoir Property Acquisition
Superior Mining International Corp. obtained its final approval from the TSX Venture Exchange to proceed with the option agreement with Quebec Pegmatite Corp to earn a 100% interest in the Vieux Comptoir Lithium Property in Quebec.
TSXV approved the issuing of 7,500,000 common shares to the Quebec Pegmatite. In addition, Superior Mining paid an aggregate finder's fees of 300,000 common shares to two parties in respect of the Option Agreement. The common shares issued to the Vendor and the finder's shares are all subject to a hold period expiring four months from the date of closing.
The company has provided the TSXV with a National Instrument 43-101 technical report in respect of the Property as requested. For additional information on the Property and the Option Agreement, please refer to the Company's December 7, 2022 news release, which is available on SEDAR.
The company has provided the TSXV with a National Instrument 43-101 technical report in respect of the Property as requested. For additional information on the Property and the Option Agreement, please refer to the Company's December 7, 2022 news release, which is available on SEDAR.
The Vieux Comptoir Property is located in the James Bay region on Quebec, in the La Grande sub-province of the Superior Province. The Property encompasses lithium pegmatite prospective source rocks of the Vieux Comptoir Granitic Suite which have been identified on the Property.
For further information: Superior Mining International Corp., https://superiormininginternational.com, 646-661-0409
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