Mesa Exploration Corp. Closes Green Energy Mineral Brine Transaction
25.05.2016 | Marketwire
VANCOUVER, May 25, 2016 - Mesa Exploration Corp. (TSX VENTURE:MSA) (OTC PINK:MSAJF) (the "Company") is pleased to announce that it has completed the sale of its 100% owned Green Energy Lithium property (the "Property"), located in Grand County, Utah, pursuant to a mineral property acquisition agreement entered into with Voltaic Minerals Corp. (TSX VENTURE:VLT) (formerly known as Prima Diamond Corp.) and Zimtu Capital Corp. (TSX VENTURE:ZC) (See press release dated February 18, 2016.) As consideration for the sale of the Property, Voltaic has paid to the Company an aggregate of $10,000 and has issued to Mesa 1.5 million shares, and will issue an additional 1.5 million shares to Mesa on May 9, 2017. All common shares of Voltaic issued to the Company in connection with the sale of the Property are subject to a four month hold period in accordance with applicable Canadian securities laws.About Mesa Exploration:
Mesa is exploring a portfolio potash, gold and silver mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure. Mesa currently has 16.7 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD, MESA EXPLORATION CORP.
(signed) Foster Wilson
President and CEO
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
Contact
Mesa Exploration Corp.
Corporate Communications
775-771-5219
www.MesaExploration.com