Common Contracts
1 similar Revised Agreement contracts
DYNASTY ENTERS INTO REVISED AGREEMENT TO SPIN-OFF COPPER DUKE GOLD/COPPER PROJECT TO SBIRevised Agreement • April 14th, 2008
Under the terms of the revised agreement, SBI will now issue to the Company 58 million common shares and raise $6 million by way of private placement of 15 million common shares at $0.40 each. The other terms of the agreement announced on May 23, 2007 remain unchanged. As a consequence, upon closing, the Company will still own approximately 60% of the issued and outstanding shares of SBI and will have the right to nominate a majority of the SBI Board of Directors.
