Liberty Silver (CSE:LSL) ( Liberty or the Company) is pleased to announce that it has signed a definitive agreement (the Agreement) for the lease and option to purchase of the Bunker Hill Mine (the Mine) in Idaho. The Bunker Hill Lease with Option to Purchase is between Liberty and Placer Mining Corporation (Placer Mining), the current owner of the Mine.
President and CEO Bruce Reid stated:
We are extremely pleased to have achieved this milestone. This will provide the Company time to both produce a mine plan and raise the money needed to move forward. This is a strong signal to the market that the Bunker Hill Mine is back. We are now able to push forward and advance our time line to realizing shareholder value with this significant Bunker Hill Mine asset.
Liberty has signed a 24 month lease commencing November 1, 2017 and continuing until October 31, 2019, which contains an option to purchase the Mine on defined payment terms. The option can be exercised by Liberty at any time during the initial 24 month lease period and any extension. The Lease period can be extended by a further 12 months at Liberty’s discretion.
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