News vom 2017-01-27 09:16 ET
Mr. Jack Bal reports
EQUITORIAL EXPLORATION CORP. SIGNS JV AGREEMENT WITH VOLTAIC MINERALS CORP. ON GREEN ENERGY LITHIUM PROJECT
Subject to the approval of the TSX Venture Exchange, Equitorial Exploration Corp. has entered into a 50/50 joint venture (JV) agreement with Voltaic Minerals Corp. on the Green Energy lithium project in Utah, 30 miles southwest of Moab.
As per the agreement and subject to exchange approval, Equitorial has the right to participate on a 50/50 basis on all future work relating to the Green Energy lithium project. For this right, Equitorial will invest $250,000 into Voltaic through a private placement and reserve five million shares of Equitorial to be issued upon successful completion of production of lithium from the Green Energy lithium project using Voltaic's proprietary lithium process. The JV will have the right to utilize the process on the Green Energy lithium project and any other project that it deems suitable on a project-by-project basis. Equitorial and Voltaic, within the JV, will work to locate other projects that would be suitable for the process and proceed on a 50/50 JV basis. ........
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