Source: Coloured Ties Capital Inc.
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  • Coloured Ties Capital (TIE) has provided the following corporate update on acquisitions by its subsidiary Quebec Pegmatite Corporation
  • Quebec Pegmatite Corporation (QPC) has acquired 100-per-cent interest in 84 mineral claims in the Corvette Lithium District in Quebec.
  • QPC paid $2,000,000 payment in 84 mineral claims in the Corvette Lithium District in Quebec from an arms length vendor
  • QPC has also acquired additional 234 claims surrounding the 84 claims by map staking
  • Coloured Ties Capital is a Canadian-based venture capital firm
  • Coloured Ties Capital Inc. was up 12.329 per cent, trading at $0.41 at 12:15 PM ET

Coloured Ties Capital (TIE) has provided the following corporate update on acquisitions by its subsidiary Quebec Pegmatite Corporation.

Quebec Pegmatite Corporation (QPC), a subsidiary of Coloured Ties Capital Inc, has acquired a 100-per-cent interest in 84 mineral claims in the Corvette Lithium District in Quebec.

The 3 per cent NSR can be reduced to 1.5 per cent with a $2,000,000 payment in 84 mineral claims in the Corvette Lithium District in Quebec from an arms-length vendor.

In addition to the 84 claims, QPC has acquired an additional 234 claims surrounding the 84 claims by map staking.

These 234 claims are fully owned by QPC and not subject to any payments or royalties to third parties.

In total, the newly acquired Corvette Claim block now consists of 318 Quebec Ministère de l’Énergie et des Resources (MERN) CDC Mineral claims, totalling approximately 16,300 hectares or 163 square kilometres.

The claims cover an intrusion which has been documented in past literature publications to be unexplored but to have the potential to hold pegmatites and spodumene lithium mineralization.

QPC has not conducted any exploration of these claims to confirm this potential.

The company will conduct an aggressive exploration plan on these claims as Quebec work seasons permit in the area.

The company plans to continue to monitor exploration activity and results obtained in adjoining projects and develop an exploration plan within the area.

Coloured Ties Capital is a Canadian-based venture capital firm focused on early-stage investments in junior resource companies and breakthrough and disruptive technologies.

Coloured Ties Capital Inc. was up 12.329 per cent, trading at $0.41 as at 12:15 PM ET.


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