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Lithium Chile Extends Maturity of Loan to San Lorenzo Gold and Receives 500,000 Shares in San Lorenzo as Consideration
CALGARY, ALBERTA, - TheNewswire - JULY 2, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) (TSXV:LITH) announces that it has entered into an agreement to amend the repayment terms of the CAD$1,000,000 loan (the "Loan") that is owed by a third party, San Lorenzo Gold Corp. ("San Lorenzo"), to extend the maturity date of the Loan from November 30, 2021 to November 30, 2022. As consideration for the extension of the maturity date, and subject to the acceptance of the TSX Venture Exchange, the Company will be issued 500,000 common shares in the capital of San Lorenzo (the "Shares"). The Shares will be subject to a hold period expiring four months and one day from the date of their issuance.