REVISION OF EXPLORATION PROGRAM. While it is the present intention of the Issuer to undertake the Exploration Program, it is the nature of mining exploration that data and information acquired during the conduct of an exploration program may alter the initially proposed Exploration Program and the Issuer expressly reserves the right to alter the Exploration Program on the advice of its technical staff or consultants and further reserves the right to substitute other exploration programs on which to expend part of the Commitment Amount, provided such programs entail the incurrence of Qualifying Expenditures and are otherwise capable of renunciation by the Issuer to each Purchaser pursuant to the Agreement.
REVISION OF EXPLORATION PROGRAM. While it is the present intention of the Company to undertake the Exploration Program, it is the nature of natural resource exploration that data and information acquired during the conduct of an exploration program may alter the initially proposed program of exploration and the Company expressly reserves the right to alter the Exploration Program on the advice of its technical staff or consultants and further reserves the right to substitute other exploration programs on which to expend part of the Subscriber’s Contribution, provided such programs entail the incurrence of Exploration Expenditures.
REVISION OF EXPLORATION PROGRAM. While it is the present intention of the Corporation to undertake the Exploration Program, it is the nature of mining exploration that data and information acquired during the conduct of an exploration program may alter the initially proposed Exploration Program and the Corporation expressly reserves the right to alter the Exploration Program on the advice of its technical staff or consultants and further reserves the right to substitute other exploration programs on which to expend part of the Flow-Through Funds, provided such programs entail the incurrence of Qualifying Expenses and are otherwise capable of renunciation by the Corporation to the Purchaser pursuant to this Agreement.
REVISION OF EXPLORATION PROGRAM. While it is the present intention of the Issuer to undertake the Exploration Program, it is the nature of mining exploration that data and information acquired during the conduct of an exploration program may alter the initially proposed program of exploration and the Issuer expressly reserves the right to alter the Exploration Program on the advice of its technical staff or consultants and further reserves the right to substitute other exploration programs on which to expend part of the Flow-Through Funds, provided such programs entail the incurrence of any of the exploration expenses which are described in paragraph 66(12.66)(b) of the ITA and are otherwise capable of renunciation by the Issuer to the Purchaser pursuant to the Subscription Agreement.
REVISION OF EXPLORATION PROGRAM. 20.1 While it is the present intention of the Issuer to undertake the Exploration Program, it is the nature of mineral exploration that data and information acquired during the conduct of a resource exploration program may alter the initially proposed program of exploration and the Issuer expressly reserves the right to alter the Exploration Program on the advice of its technical staff or consultants and further reserves the right to substitute other exploration programs on which to expend part of the Flow-Through Funds, provided such programs entail the incurrence of Qualifying Expenses and are capable of renunciation by the Issuer to the Purchaser pursuant to this Subscription Agreement.
