Common Contracts
2 similar Option Agreement contracts by Canyon Resources Corp
CANYON RESOURCES OPTIONS NEVADA PROPERTIES TO GOLDEN PREDATOROption Agreement • February 20th, 2008 • Canyon Resources Corp • Gold and silver ores
Golden, CO - Canyon Resources Corporation (AMEX:CAU) (“Canyon”), a Colorado-based mining company, has entered into an Option Agreement, whereby Golden Predator Mines US Inc. (“Golden Predator”), a wholly-owned subsidiary of Golden Predator Mines Inc. of Vancouver British Columbia, shall assume Canyon’s interest in the advanced stage Adelaide and Tuscarora gold exploration properties (the “Properties”) located in Humboldt and Elko Counties in Nevada. On February 15, 2008, Golden Predator made an initial payment to Canyon of approximately $507,000 on closing of the transaction.
Golden, CO – Canyon Resources Corporation (AMEX:CAU), (“Canyon”), a Colorado- based mining company, has entered into an Option Agreement, whereby Golden Predator Mines US Inc. (“Golden Predator”), a wholly-owned subsidiary of Golden Predator Mines...Option Agreement • February 19th, 2008
Canyon’s interest in the Properties was acquired from Newmont Capital Limited (“Newmont”) in December 2006. Golden Predator will assume Canyon’s obligations to Newmont as defined in the Adelaide Project and Tuscarora Project Minerals Lease, Sublease and Agreement dated December 29, 2006 (“Minerals Lease”) between Canyon and Newmont. Canyon met its $250,000 first year spending obligation under this Minerals Lease during 2007.
