How/when they acquired the lithium property (LITCO-1). With the money ($10+mm) they have available they will be advancing both the gold and the LI properties. Looks like they picked it up for litlle.
Conway research LITCO-1
On June 10, 2010, the Company completed the acquisition
of the LIT-CO1 mining claims. The Company fulfilled the
final conditions of the agreement by making the second
payment of $20,000 (for a total of $40,000) and issuing
400,000 common shares to the seller in exchange for the
claims. Conway also paid a 5% finder's fee and issued an
additional 20,000 common shares as part of the
transaction.
Conway Resources completes acquisition of rare metals and lithium
property close to First Gold Exploration discovery
Quebec City, Quebec, June 10, 2010 – Conway Resources Inc. (“Conway” or the “Company”)
(TSX-V: CWY) is pleased to announce that it has completed the agreement previously
announced on February 8, 2010, under which the Company will acquire a 100% interest in 14
contiguous mining claims covering an area of 742 hectares in Eastmain Township, just a
few kilometres north of the First Gold property.
The Company fulfilled the final conditions of the agreement by making the second payment of
$20,000 (for a total of $40,000) and issuing 400,000 common shares to the seller in exchange for
the claims. Conway will also pay a 5% finder’s fee and issue an additional 20,000 common
shares as part of the transaction.
A $50,000 budget will be allocated in 2010 for preliminary exploration of the property.
Jean-Louis Robert, D.Sc. Geol., Vice President, Exploration of Conway and a qualified person
under National Instrument 43-101, has reviewed the contents of this press release.