BRIEF-American lithium to buy Atlantis property in Fish Lake Valley, Nevada

Mon May 9, 2016 8:45am EDT
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May 9 (Reuters) - American Lithium Corp

* Has entered into an agreement to acquire all of outstanding share capital of 1065604 BC LTD

* Will issue 4,533,334 common shares and will assume 1065604's obligations to Nevada sunrise in respect of Atlantis

* In order to complete acquisition, co will be required to complete cash payments and exploration expenditures to Nevada Sunrise

* In order to complete acquisition of atlantis, co will have to issue of up to 1.3 million common shares over a period of 3 yrs

* American Lithium Corp to acquire Atlantis Property in Fish Lake Valley, Nevada - adds 2,882 acres to its lithium portfolio Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)