Rostock Ventures Signs LOI to Aquire the Elon Lithium Claims in Clayton Valley
HENDERSON, N.V., April 13, 2016 (GLOBE NEWSWIRE) — Rostock Ventures Corp. (OTCBB:ROSV) (the “Company”) is pleased to announce that It has entered in to a Letter of Intent (LOI) with Rangefront Consulting, LLC to obtain a 100% interest in the ELON claims in Clayton Valley, Nevada.
The ELON claim block consists of four 20-acre placer claims and is located in Esmerelda County, Nevada, and is contiguous to claims held by both PURE Energy and Lithium X in Clayton Valley. Clayton Valley is home to Albemarle’s Silver Peak Lithium Mine, the only mine producing lithium from brine in North America. Both PURE Energy and Lithium X are actively exploring on their respective claim blocks in Clayton Valley.
The terms of the LOI state that upon signing of a Definitive Agreement, the Company is to pay $3,500 US and issue 200,000 shares of ROSV Common Stock in exchange for a 100% interest in the claims.
“We are excited at the opportunity the ELON claims will provide for the Company,” stated President Greg Rotelli, “Clayton Valley has seen a large amount of lithium activity and is one of the best places for lithium exploration. We are currently developing plans to explore these claims once the acquisition is completed. Additionally with the help of our new board member Eric Allison who is a geologist we are able to more quickly Identify these mineral opportunities as they present themselves.”
Some of the statements contained in this press release are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of technology programs; competition from other companies; and the Company’s ability to obtain additional funding required to conduct its activities. Please refer to the company’s filings with the Securities and Exchange Commission for a comprehensive list of risk factors that could cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in such forward looking statements. The Company undertakes no obligation to update or revise any forward-looking statements.
Rostock Ventures Corp.