Looks good to me.The acquisition positions Todd River Resources...

Looks good to me.
The acquisition positions Todd River Resources as the ASX-listed company with the largest lithium
exploration footprint in the Northwest Territories, spanning approximately 500 square kilometres.
Highlights:
• The Company has executed agreements for the acquisition of three lithium exploration projects in
the Northwest Territories of Canada.
• At completion, the Company will have the largest lithium exploration footprint of any ASX listed
company in the Northwest Territories.
• The total lithium prospective land package is approximately 500 square kilometres with additional
adjacent ground expected to become available.
• All projects have known pegmatite systems present and mapped.
• Firm commitments received to raise $A5.0 million (before costs) at an issue price of A$0.01 per
share under a placement to new and existing sophisticated and professional investors. Funds
raised will be used on exploration at the Canadian projects, existing projects and working capital.
• Completion of the acquisition and placement is subject to obtaining shareholder approval to issue
the relevant securities, and both transactions are inter-conditional on the other completing.
• DG Resource Management Ltd, who have a highly successful track record of vending and exploring
lithium projects (ie. Patriot Battery Minerals in Quebec), will become the Company’s largest
Shareholder at completion with a holding of approximately 16% (together with associates).
• A services agreement has been entered into with Dahrouge Geological Consulting Ltd. (a company
owned by DG Resource Management) to provide in-country exploration management and
implementation services in relation to the projects.
• Dahrouge Geological Consulting is set to commence initial field work at the Ross Lake Lithium
Project and MAC Lithium Project in the next few weeks (prior to the onset of the Northern
hemisphere winter) to prepare for an initial drilling campaign in due course.
• A general meeting to approve the issue of securities under the acquisition and placement will be
held November.