Post by
wealthyjr on Jun 29, 2020 5:34pm
NEWS RELEASE ON SEDAR -VANCOUVER, BC –June 25, 2020
NEWS RELEASE ON SEDAR -VANCOUVER, BC –June 25, 2020
DAJIN TO ISSUE SHARES FOR DEBT
.
Dajin Lithium Corp.(“Dajin”) (TSX-V: DJI) (OTC: DJIFF) reports that it will be settling corporate debt totaling $250,000 to certaincreditors. Dajin proposes toissuea total of 10,000,000common shares at a deemed price of $0.025 per share. The issuance of the 10,000,000common shares will be subject to a four-month hold period from the date of issuanceof the acceptance notice from the TSX Venture Exchange.About Dajin:In Argentina,
Dajin has announcedexceptional Lithium brine assay results from their exploration program on the Salinas Grandes salar in Jujuy province.(February 28, 2018)The brine samples were taken from a portion of their concessions covering an area of 1,359 acres (550 hectares) in the northwestern corner of the San Jose Navidad minas. Lithium values received from 25 assays ranged from 281 mg/litre to 1,353 mg/litre, averaging 591 mg/litre. Additional exploration of theconcessions is expected to proceed later this year. (click here to see geochemical map)Dajin has a 49% Joint Venture interest in 230,000 acres (93,000 hectares) in Jujuy province with Litica Resources S.A. an operating subsidiary of Pluspetrol Resources Corporation, a major international Argentinian oil and gas company. In Nevada, Dajin holds a 100% interest in 403 placer mineral claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. Dajin holds water rights in Teels Marsh and has received all of the necessary permits for drilling, with engineered access roads and two large drill pads completed. These claims are known to contain Lithium and Boron values.Dajin continues to hold acreage in the Alkali Spring valley of Esmeralda County, Nevada, located 7.5 miles (12 kilometers) northeast of the only producing Lithium brine operation in the USA located at Albemarle’s Silver Peak mine in Clayton Valley.
ON BEHALF OF DAJIN’S BOARD OF DIRECTORSBrian Findlay. For further information please contact Dajin at:President & CEO604-681-6151 or info@dajin.caor www.dajin.ca. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.