Lico Energy amends option agreements with Nevada Energy
Lico Energy amends option agreements with Nevada Energy
2017-09-14 11:17 ET - News Release
Also News Release (C-BFF) Nevada Energy Metals Inc
Mr. Tim Fernback of Lico Energy reports
LICO ENERGY ANNOUNCES AMENDING AGREEMENTS WITH NEVADA ENERGY METALS INC.
Lico Energy Metals Inc. has amended two option agreements with Nevada Energy Metals Inc.
Dixie Valley, Churchill county, Nevada
Further to an option agreement dated July 14, 2016, with Nevada Energy to acquire up to a 100-per-cent interest in the Dixie Valley property, the parties have entered into an amending agreement to amend the next option share payment of two million shares that was due to be paid to Nevada Energy on the second anniversary of the option agreement, which will now be paid upon signing the amending agreement, along with other work and development commitments. All other terms of the option agreement remain the same.
Black Rock Desert, Washoe county, Nevada
Further to an option agreement dated Nov. 10, 2016, with Nevada Energy to acquire up to a 70-per-cent interest in the Dixie Valley property, the parties have entered into an amending agreement to amend the agreement so that the company may now earn a 100-per-cent interest in the property, and the next two option share payments of three million shares that were due to be paid to Nevada on the first and second anniversary of the option agreement will now be paid upon signing the amending agreement, along with other work and development commitments. All other terms of the option agreement remain the same.
We seek Safe Harbor.