Redstone Resources enters into an agreement to acquire Lithium Project

Redstone Resources Limited (ASX: RDS) announced that it has entered into an exclusive agreement to purchase a 100% legal and beneficial interest in the Attwood Lake Area Lithium Properties, regarded as extremely promising for Li and rare element pegmatites. The Project is situated in Northwestern Ontario, Canada, which is known to contain considerable quantities of Li20 due to the abundance of lithium deposits and cutting-edge lithium initiatives. 

It also announced that it has received firm commitments for a well-supported placement to professional and sophisticated investors of 125,000,000 million fully paid ordinary shares in the Company at AU$0.010 per share with a 1:3 free attaching unlisted AU$0.04 option exercisable on or before 31 December 2025 (Options), raising AU$1.25 million.

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