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Three Sixty Solar Ltd. — Capital/Financing Update 2020
Nov 9, 2020
42916_rns_2020-11-09_99276a3a-c911-45a6-80a1-73baa0c74369.pdf
Capital/Financing Update
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LIBERTY ONE LITHIUM CORP.
NEWS RELEASE
Liberty One Receives Final Approval on the Option Agreement for Jackfish Lake Property
For Immediate Release November 9, 2020
VANCOUVER, BRITISH COLUMBIA – Liberty One Lithium Corp. (the “Company”) (LBY: TSX-V) announces, further to its news releases on June 26, 2020 and October 16, 2020, the Company has received final approval from the TSX Venture Exchange (the “ TSXV ”) for the option agreement (the “ Option Agreement ”) with Wahl’s Prospecting to earn a 100% interest in certain gold claims comprising the Jackfish Lake Property located in Thunder Bay, Ontario.
Pursuant to the terms of the Option Agreement announced on June 26, 2020, the Company has an option to earn a 100% interest in the Jackfish Lake Property by paying a total cash payments of $110,000 ($30,000 in the first year) and the issuance of 1.6 million common shares of the Company (700,000 shares in the first year) over a four-year period, subject to a 2% net smelter royalty, half of which can be purchased by the Company for $1 million.
All securities issued in connection with the Option Agreement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.
The Company recognizes that the Company currently does not meet the continued listing requirements (“ CLRs ”) under the policies of the TSXV and the Company plans to meet the CLRs by completing an exploration program in the next 12 months to advance the Jackfish Lake Property, as more particularly described in the Technical Report on the Jackfish Lake Property Northern Ontario Canada dated July 17, 2020 as filed under the Company’s profile on SEDAR.
Trading of the common shares of the Company will commence trading on the TSXV under the symbol “LBY” on November 11, 2020.
On behalf of the Board of Directors, Liberty One Lithium Corp.
“Brad Nichol”
Brad Nichol President and Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.