Thanks for clearing that up DEP. I was confused re lithium banks...

Thanks for clearing that up DEP. I was confused re lithium banks release.

Pity the "Sorbent" didn't work but still in to receive a consolation prize.4m shares

icense Agreement

In consideration for the License, LithiumBank agrees to issue up to 14,000,000 common shares in the capital of the Company (the “Common Shares”) at a deemed price per share of $1.22 to G2L upon the achievement of the following:

1. 4,000,000 Common Shares, being approximately 8.63% of the issued and outstanding Common Shares on a non-diluted basis, upon receipt by the Company of acceptance by the TSX Venture Exchange (the “TSXV”) of the License Agreement;
2. 3,000,000 Common Shares upon there being an operational plant that has processed lithium brine for at least 100 hours of continuous operation in the province of Alberta (the “First Milestone”);
3. 3,000,000 Common Shares if the Company does not deliver a notice to G2L advising G2L that it does not intend to use the Licensed Technology for the Boardwalk Brines Project (a “Notice to Terminate”) by the date that is 12 months after the achievement of the First Milestone (the “Second Milestone Deadline”), provided that the Second Milestone Deadline may be extended for an additional six months if required to generate sufficient data from piloting to support a pre-feasibility study; and
4. 4,000,000 Common Shares upon completion of a pre-feasibility study that concludes the Company’s Boardwalk lithium brine project located in west-central Alberta, Canada (the “Boardwalk Brine Project”) demonstrates an ungeared internal rate of return greater than the applicable discount rate used to value the Boardwalk Brine Project,