Green Shift Commodities shares double on bid for lithium-rich land in Argentina

Green Shift Commodities.

01/12/2022 16:25

** Canada-based Green Shift Commodities Ltd's shares
 GCOM.V  double to 20 Canadian cents - biggest pct jump in over
two years
    ** GCOM enters into agreement to acquire all outstanding
shares of LFP Resources for an upfront payment of $75,000 and
the issuance of 17.5 mln common shares of GCOM  urn:newsml:reuters.com:*:nGNX7tw4Q3
    ** LFP Resources is a privately owned Canadian exploration
company which has existing rights to acquire about 485,000
hectares of prospective lithium ground in Argentina
    ** The land package covers areas of known lithium pegmatite
occurrences discovered and sampled in the 1960’s by the
Argentinian government, says GCOM
    ** Deal is anticipated to close in January of 2023
    ** GCOM stock down 31% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))