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Earl Resources Limited: Acquisition of Energy Storage Property, Reactivation and Concurrent Private Placement Financing
VANCOUVER, BC / ACCESSWIRE / March 17, 2021 / Earl Resources Limited (the
Company ) (TSXV:ERL.H) is pleased to announce that it has entered into an agreement with Kepis & Pobe Financial Group Inc. ( K & P ), a boutique private equity energy firm, to acquire an assignment and novation of earn-in rights to targeted properties in the USA. The parties to the assignment are at arm s length. The agreement will allow the Company to acquire for consideration to be negotiated with the property vendors, a property or properties in Northwest Arizona for the purposes of developing bedded and domal salt cavern energy storage, to store compressed air/hydrogen for Long Term Energy Storage purposes (the Acquisition ). The purchase price for the Acquisition will consist of an assignment of 10% of the earn in rights to K & P or it s assigns, and the Company funding the ....

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