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TORONTO, ONTARIO--(Marketwired - Mar 4, 2016) - Canadian Orebodies Inc. (the "Company" or "Orebodies") is pleased to announce that it has entered into an Option Agreement (the "Option") to sell its 100% interest in the Crescent Lake Project which comprise the Zigzag and Falcon Lake lithium properties to Sunrise International Resources Ltd, a subsidiary of Argonaut Resources NL ("Argonaut"), an ASX listed company.
The principal terms of the Option are:
Hawkins Property Option Completed
Further to the Company's press release November 17, 2015, Orebodies is pleased to announce that it has completed the Option agreement with Pavey Ark Minerals Inc. ("Pavey Ark") a private Canadian company, whereby Pavey Ark acquired 100% legal and beneficial interest in Orebodies' Hawkins property (subject to a 0.5% NSR retained by Orebodies) for total consideration of $96,000 in cash. Information on Pavey Ark is available at www.paveyarkminerals.com.
Canadian Orebodies Inc.
President & CEO