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Oakley Ventures Inc.: Oakley Ventures Announces the Acquisition of a Lithium Property in Clayton Valley, Nevada, and a Proposed Name Change and Private Placement Consequent Thereon
Company or
Oakley ) is pleased to announce the acquisition of a highly promising early stage lithium property located in Nevada s Clayton Valley. Known as the Deer Musk East, the property consists of 275 claims spanning a total of 5,500 acres and is located approximately five miles from Albemarle s Silver Peak Lithium Project. Silver Peak is currently the only producing lithium mine in North America.
The claims were staked on behalf of the Company s wholly owned Nevada subsidiary, Oakley Ventures USA Corp., which was recently established for the purpose of holding title to the claims. In connection with the acquisition of Deer Musk East and the Company s intention to concentrate on the exploration and potential development of the property, Oakley intends to complete a name change to Ameriwest Lithiu
Oakley Ventures Inc.: Oakley Ventures Grants Stock Options
Company or
Oakley ) announces that the Company has granted a total of 500,000 incentive stock options to various directors and officers of the Company. Each option vests immediately, is exercisable into one common share of the Company at a price of $0.40 per share until February 8, 2026, and is governed by the terms of Oakley s recently-adopted stock option plan.
Prior to the grant, the Company did not have any outstanding stock options.
About Oakley Ventures Inc.
Oakley Ventures Inc. is a junior Canadian-based mining company with a focus on identifying and evaluating mineral resource projects for further exploration and future development, if warranted. The Company is currently focused on exploring the ESN Project located in White Pine County, Nevada, which Oakley has the sole and exclusive option to acquire, and the Koster Dam property located in the Clinton Mining Division of British Columbia, in which Oakley has
Oakley Ventures Inc.: Oakley Ventures Closes Fully-Subscribed Non-Brokered Private Placement
Company or
Oakley ) is pleased to announce the closing of a fully-subscribed non-brokered private placement at a price of $0.12 per unit (the
Offering ) for gross proceeds of $750,000. On February 5, 2021, the Company issued an aggregate of 6,250,000 units to various subscribers, with each unit consisting of one common share of the Company and one share purchase warrant. Each warrant is exercisable into one common share of the Company at a price of $0.50 per share for a period of 24 months.
One director of the Company, Saman Eskandari, invested $6,000 in the Offering in exchange for 50,000 units.