Acquisition Terms. The Shares shall be One Hundred Shares (100) shares of the issued and outstanding common stock of Subsidiary which shall be signed over in blank to Inland together with any legalities required for legal transfer.
Acquisition Terms. The terms and related agreements relating to the acquisition and purchase of the Land, all as set forth on Exhibit "A" hereto.
Acquisition Terms. 1 1.02 Act................................................................1 1.03.
Acquisition Terms. The interest in the Pinjin Gold Project to be acquired from Newmont comprises of: ▪ 80% interest in the Kirgella Joint Venture (71km2) ▪ 90% interest in the Xxxx Xxxxxxx Joint Venture (34km2) ▪ 100% interest in some surrounding tenements (172km2) Renaissance Minerals will make an upfront cash payment of $200,000 and issue approximately 1,500,000 fully paid ordinary shares to Newmont. The shares will be subject to a 12 month escrow period. In addition, Renaissance Minerals will be required to make a cash payment of $1 million to Newmont upon establishment of a JORC resource of at least 0.5 million ounces of gold and a further cash payment of $1 million upon establishment of a JORC resource of at least 1.0 million ounces of gold. The Board of Renaissance is extremely pleased to have reached agreement to acquire this highly prospective ground and looks forward to shortly announcing the commencement of drilling to follow up Newmont’s initial success. The Board also welcomes Newmont as a shareholder of Renaissance. The project has substantial discovery potential and compliments Renaissance’s existing extensive Eastern Goldfields tenement package. Detailed information on all of Renaissance Minerals projects can be found on the Company’s website at xxx.xxxxxxxxxxxxxxxxxxx.xxx.xx. Yours faithfully
Acquisition Terms. $6,000,000 paid in voting Common Stock of Nutriband at a value of the average price of the previous 90 days at the date of Closing.
Acquisition Terms. 1. At closing, GRE will issue to all of the shareholders on a pro rata basis, a total number of seven million five hundred thousand common shares (the Share ) of GRE (7,500,000), the First Share Consideration, agreed to represent a value of One Million Five Hundred Thousand Canadian Dollars ($ Cdn 1,500,000). The Shares will be issued to Shareholders on a one for one basis, and Pilbara shall adjust the issued and outstanding shares it has out to accommodate this transaction.
2. At closing, all shares of Pilbara held by shareholders will be assigned to GRE.
3. At the completion of a drilling program of not less than 4,000 meters on the Property Package, GRE will pay to Shareholders, two million five hundred thousand common shares (2,500,000), the Second Share Consideration, deemed to represent value of Five Hundred Thousand Canadian Dollars ($ Cdn 500,000).
4. On GRE announcing greater than 500,000 ounces of gold collectively within the Property Package, as defined in a resource calculated compliant to NI 43-101, GRE will issue to Shareholders, two million five hundred thousand common shares (2,500,000), Third Share Consideration, deemed to represent value of Five Hundred Thousand Canadian Dollars ($ Cdn 500,000).
5. On GRE announcing greater than 1,000,000 ounces of gold collectively within the Property Package , as defined in a resource calculated compliant to NI 43-101, GRE will issue to Shareholders, two million five hundred thousand common shares (2,500,000), Fourth Share Consideration, deemed to represent value of Five Hundred Thousand Canadian Dollars ($ Cdn 500,000).
6. A 2% Net Smelter Royalty to be held pro rata by the current Shareholders of Pilbara on all the Property Package. One percentage point of the royalty will be made available for purchase by GRE or a party of GRE for One Million Five Hundred Thousand Canadian Dollars ($ Cdn 1,500,000) per the one percentage point. The details of this shall be set out in a separate Net Smelter Royalty Purchase Agreement to be negotiated between all Shareholders individually and GRE.
7. All shares issued at closing in 1, above shall be subject from the date of issuance to a trading hold of four month as imposed by the British Columbia Securities Commission.
8. Upon completion of four months from closing, 30% all GRE shares issued to Shareholders shall be deemed released and free trading.
9. Upon completion of eight months from closing, a further 35% of all GRE shares issued to Shareholders shall be deemed...
Acquisition Terms. Based on the information currently known to the ----------------- Parties, it is proposed that the structure for the acquisition of the Shares, the Transaction consideration and related terms and conditions will be in accordance with the Memorandum of Terms attached as Exhibit "B" hereto and incorporated herein by this reference.
Acquisition Terms. Draig Resources Limited has entered into a Binding Heads of Agreement (HoA) with Golden Spur Pty Ltd (Golden Spur) and each of its shareholders for the acquisition of 100% of Golden Spur. Golden Spur holds a 100% interest in the Bellevue Gold Project (tenements M36/24, M36/25, M36/299, E36/535). Completion of the transaction is conditional on the receipt of all necessary Draig shareholder approvals. If this condition precedent is not satisfied on or before 20 November 2016 either party may terminate the agreement. Xxxxx intends dispatching a notice of meeting to its shareholders shortly, and completing the transaction over the next two months. The material terms of the HoA are as follows: • Consideration: 60,000,000 Draig shares, to be issued to the shareholders of Golden Spur or their nominees. Each shareholder of Golden Spur will receive 12,000,000 Draig Shares or 7.2% of the capital post issue but pre capital raise (see below). • Repayment of loans: Draig to repay loans owing by Golden Spur to its shareholders, capped at A$821,000 in full and final satisfaction of the loans. • Royalty: Xxxxx has agreed to pay a A$25 per ounce royalty capped at 100,000oz of production payable to the Golden Spur shareholders. • Assumed Liability: Draig through the acquisition of Xxxxxx Spur will assume a liability to Xstrata Nickel of $1,000,000. • Formal Agreement: Although the HoA is binding, the parties have agreed to enter into a more formal share sale agreement on terms consistent with the HoA. Representations and warranties: The parties provided representations and warranties which are considered standard of an agreement of this nature. Draig has also agreed to pay the facilitators of the transaction a fee in association with the acquisition of the Project. Draig has agreed to issue to facilitators who are unrelated to the Company, 15,000,000 Draig shares. Draig will also issue 15,000,000 options to advisors exercisable at $0.05 before 31 August 2019. Of these options 10,000,000 were previously approved at a shareholders meeting on 24 February 2016 but not issued. Proposed Capital Raise Subject to shareholders’ approval, Draig propose to raise up to $1.2 million through the issue of 60,000,000 shares at 2 cents each to fund the acquisition and fund further project development. Draig has received firm commitments for this amount. For more information, please contact: Xxx Xxxxxxxxx xxxxxxxxx@xxxxxxxxxxxxxx.xxx Forward‐looking statements are statements that are not his...
Acquisition Terms. Pursuant to an agreement with (a) Santa Fe Pacific Railway Company, which owns the mineral rights; and (b) a subsidiary of Newmont Corporation, which holds a lease over the mineral rights, New World has agreed to purchase a 100% interest in the mineral rights that cover a total of approximately 1,000 acres (Private Blocks A and B; see above and Figure 1). Consideration payable is:
Acquisition Terms. The Binding Term Sheet with STB Minerals LLC outlines the terms of an 8-year option to purchase the 51% mineral interest. Key terms of the term sheet are outlined below.
