LSC Lithium Corporation’s Joint Venture with Litica Resources

Mitrani Caballero & Ruiz Moreno advised LSC Lithium Corporation on the deal

LSC Lithium Corporation (TSXV:LSC) has entered into a joint venture agreement with Litica Resources, a wholly owned subsidiary of Pluspetrol S.A., a leading private oil and gas company.

LSC Lithium Corporation enters into a 40/60 joint venture to explore and develop tenements on the Salar de Arizaro lithium project in Salta Province, Argentina.

The parties have agreed to a three-stage exploration work program for the Arizaro Project whereby Litica Resources, as operator, will commence sub-surface brine sampling and geological mapping, complete geophysical surveys and diamond drill holes and evaluate the brine chemistry with the intention of completing a maiden resource statement.

Litica Resources has agreed to commit a total of US$6,868,000 to LSC and the Joint Venture over a three-stage exploration work program to maintain its 60% ownership including an initial lump-sum payment of US$625,000 to LSC on closing of the Transaction.

Mitrani Caballero & Ruiz Moreno advised LSC Lithium Corporation with a team including Matías Olcese (Picture) María Paula Terrel, Juan Manuel Iglesias (Tax) and Mikaela Badaracco (M&A).

 

Involved fees earner: Matías Olcese – Mitrani Caballero Ojam & Ruiz Moreno Abogados; María Paula Terrel – Mitrani Caballero Ojam & Ruiz Moreno Abogados; Mikaela Badaracco – Mitrani Caballero Ojam & Ruiz Moreno Abogados;

Law Firms: Mitrani Caballero Ojam & Ruiz Moreno Abogados;

Clients: LSC Lithium Corp.;

 

Author: Ambrogio Visconti.