Reflex Advanced Materials Corp. announces sale of ZigZag property
by CM Staff
Reflex also announces that they have closed a first tranche of its previously announced non-brokered private placement financing for aggregate gross proceeds of CAD$575,000.
VANCOUVER — Reflex Advanced Materials Corp. announces that it has sold a 100% interest in the ZigZag Lake Lithium Property, located near Crescent Lake, Ontario, to Integral Metals Corp. pursuant to a property purchase agreement dated January 8, 2024.
Pursuant to the Purchase Agreement, the Purchaser has paid $400,000 to the Company and issued 1,000,000 common shares in the capital of the Purchaser in consideration for the Property. In connection with the closing of the Property acquisition by the Purchaser, Reflex exercised its option in respect of the Property in accordance with the mineral property option agreement dated September 1, 2021, following which it conveyed title to the Property to the Purchaser pursuant to the Purchase Agreement.
Reflex also announces that they have closed a first tranche of its previously announced non-brokered private placement financing for aggregate gross proceeds of CAD$575,000.
There is limited information on Integral Metals Corp., their ownership structure or location, but lithium is in high demand due to the growing electric vehicle manufacturing industry.
