Tucana Lithium Corp. (OTCQB:TUCA) announced that it has entered into an asset purchase agreement to wholly acquire the Lac Kame and EM-1 properties, located in Quebec, from Alain Champagne and other parties.
As quoted in the press release:
The property is made up of 37 map-designated cells totaling 1,961 hectares….The Company’s main interest with the newly acquired claims will be magnetic anomalies for kimberlite based upon the airborne magnetic survey released in October 2011.
The Company’s main focus at this time is to raise capital for Phase II of the exploration campaign. The Company will coordinate and plan Phase II of the exploration campaign once the funds are secured. The Company is also seeking a dual listing on a Canadian exchange to further increase its access to capital funding.