May 30, 2016 – Vancouver, B.C. – Spearmint Resources Inc. (the “Company” or “Spearmint”) (TSX-V:SRJ) is pleased to announce, further to its News Release of May 19, 2016, the completion of the acquisition of all of the outstanding common shares of a private arms’ length company (the “Vendor”) from the shareholders of the Vendor (the “Shareholders”) pursuant to the terms of a share purchase agreement dated May 17, 2016. The Vendor holds a 100% interest in the Preissac Lithium Property in Quebec.
Spearmint acquired all of the issued and outstanding common shares of the Vendor in consideration for the payment of $10,000 and the issuance of 8,000,000 common shares (the “Shares”) of the Company to the Shareholders.
Spearmint has also granted has granted 800,000 stock options at an exercise price of $0.05 to directors, officers and consultants for a five year term pursuant to its Rolling Stock Option Plan.
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For further information, please contact:
Tel: 1-604-646-6906 www.spearmintresources.ca
Spearmint Resources Inc.
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