United Lithium Corp.: United Lithium Corp Completes Acquisition of 100% of the Bergby Lithium Project
United Lithium Corp. (CSE:ULTH)(OTC PINK:ULTHF)(FWB:0UL) (the "
Company") is pleased to announce, further to its news release dated February 11, 2021, that it has completed the acquisition (the "
Acquisition") from Leading Edge Materials Corp. ("
Leading Edge") of 100% of the issued and outstanding share capital of Bergby Lithium AB ("
Bergby"), which holds a 100% interest in and to the mining licenses comprising the Bergby Lithium project (the "
Project"), located in central Sweden, 25km north of Gavle.
Purchase Consideration
As consideration for the Acquisition, the Company has: (a) paid CAD$250,000 in cash; (b) issued 1,031,864 common shares in the capital of ULTH (each, a "