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TIRANA, March 25–Soltera has signed an agreement with two Albanian companies, ENER-ALB sh.p.k. and ELITE MINE sh.a, to form a new joint venture company that will tender for the rights to mineral properties in Albania. Shares in the new company will be held in the ratio ENER-ALB 25%, ELITE MINE 25% and Soltera 50%. If a tender is successful, Soltera will be responsible for undertaking a bankable feasibility study at its own cost if required and to raise development funding.
