Memorandum of Understanding betweenMemorandum of Understanding • June 6th, 2012
Contract Type FiledJune 6th, 2012The transaction contemplated by this binding Memorandum of Understanding is the acquisition (the “Acquisition”) by Portex Minerals Inc. (“Portex”) of 100% of the issued and outstanding common shares of Scandinavian Metals Inc. (“SMI”). It is anticipated that the Acquisition will proceed by way of a three cornered amalgamation.