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Rodinia Lithium Raises US$400,000 With Sale of Certain Non-Core Assets
Published : March 09, 2015
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Mots clés associés :   Argentine | Lithium |

TORONTO, ONTARIO--(Marketwired - March 9, 2015) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (News - Market indicators), has entered into a definitive sale agreement with a private Argentine subsidiary of a global mining company to sell a 100% interest in 1,166 hectares of mining rights comprising a portion of the Centenario and Ratones properties ("Properties"), held by the Company. In consideration for the sale of mining rights comprising the Properties, Rodinia will receive gross proceeds in the amount of US$408,046 on or before the March 16th, 2015. The sale agreement, along with previously announced sale of certain mining rights in Argentina, helps strengthen the Company's balance sheet and does not impact Rodinia's flagship Salar de Diablillos property (See Press Release dated September 17, 2014).

In addition, the Company announces that Aaron Wolfe has resigned as the Vice President, Corporate Development of the Company. The Company thanks Mr. Wolfe for his valuable contributions to the Company and wishes him well in his future endeavors.

About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in Argentina. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the sale agreement with respect to the <> property, the sufficiency of the net proceeds to cover current expenditures at the Diablillos property, anticipated timing and results of the development of the Diablillos property and the ability of the Company to complete a strategic transaction. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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.

Données et statistiques pour les pays mentionnés : Argentine | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Argentine | Tous

Rodinia Lithium Inc

EXPLORATEUR
CODE : RM.V
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Rhodinia Lithium est une société d’exploration minière d'argent et d'or basée au Canada.

Rhodinia Lithium détient divers projets d'exploration en Argentine.

Ses principaux projets en exploration sont WORKMAN CREEK et RED BLUFF en USA, STRIDER et WHITE CANYON au Canada et SALAR DE DIABLILLOS, SALAR DE SALINAS GRANDES, SALAR DE CENTENARIO, SALAR DE RATONES, LUCKY BOY, MORMON LAKE et CLAYTON VALLEY en Argentine.

Rhodinia Lithium est cotée au Canada. Sa capitalisation boursière aujourd'hui est 15,0 millions CA$ (11,8 millions US$, 9,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 18 février 2005 à 1,85 CA$, et son plus bas niveau récent le 23 septembre 2016 à 0,01 CA$.

Rhodinia Lithium possède 16 670 000 actions en circulation.

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Attributions d'options de Rodinia Lithium Inc
03/09/2008Stock Options Granted
Nominations de Rodinia Lithium Inc
25/04/2011Announces Changes to Board of Directors
Projets de Rodinia Lithium Inc
05/05/2011(Salar De Diablillos) Continues to Intersect High Grade Lithium and Potash at Sha...
02/03/2011(Salar De Diablillos)Lithium Inc. Defines 4,959,000 Tonne Lithium Carbonate Equiv...
16/02/2011(Clayton Valley) Reports 285 mg/L Lithium Over 145 metres at the Clayton Val...
02/06/2008(Workman Creek)Acquires Additional Claims around Workman Creek Uranium Depo...
Communiqués de Presse de Rodinia Lithium Inc
09/03/2015Raises US$400,000 With Sale of Certain Non-Core Assets
15/10/2013Completes Shares for Debt Transaction
07/10/2013Lithium Welcomes David Stein the Board
29/08/2013Lithium Provides Corporate Update
11/06/2013Lithium Provides Processing Update on Progress at Diablillos
11/06/2013Lithium Provides Processing Update on Progress at Diablillos
08/01/2013Lithium Inc. Announces Board Change
16/10/2012Lithium Produces Battery Grade Lithium Carbonate of Over 99....
12/09/2012Lithium Strengthens Ties to Salta, Argentina With the Additi...
13/07/2011Lithium Announces Up to 1,800 mg/L Lithium from Aquifer I Pi...
08/06/2011(Salar De Diablillos)Lithium Intersects High Grade Lithium and Potash and Provide...
04/04/2011(Salar De Diablillos)Lithium Announces Commencement of Preliminary Economic Asses...
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TSX-V (RM.V)
0,900-9.09%
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