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Spey Resources Corp
Symbol SPEY
Shares Issued 106,721,692
Close 2023-04-04 C$ 0.045
Market Cap C$ 4,802,476
Recent Sedar Documents

Spey sells James Bay claims for $250,000, 1.5M shares

2023-04-05 05:08 ET - News Release

Mr. Phillip Thomas reports

SPEY RESOURCES CORP. COMPLETES SALE OF JAMES BAY LITHIUM CLAIMS

Spey Resources Corp. has sold all of the company's interest in certain mineral claims located in the James Bay region of Quebec to Prospectus Capital Inc., a non-related, privately held B.C. corporation.

In consideration for the sale, the company has received from Prospectus Capital $250,000 in cash. In addition, Prospectus Capital (or an affiliate thereof) intends to list its shares on a recognized stock exchange, with its assets being composed of the claims, and certain other mineral claims it has or is in the process of acquiring, and will, in conjunction with such go public event, issue 1.5 million common shares to the company. Prospectus Capital has agreed with the company that the go public event and share payment will occur no later than Dec. 31, 2023.

About Spey Resources Corp.

Spey is a Canadian lithium-focused mineral exploration company, which has an 80-per-cent interest in the Candela 2 lithium brine project located in the Incahuasi salar in the Salta province, Argentina. Spey also holds an option to acquire a 100-per-cent interest in the Kaslo silver project, west of Kaslo, B.C.

We seek Safe Harbor.

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