Common Contracts
1 similar Option Agreement contracts
June 28, 2016 – Vancouver, B.C.: Far Resources Ltd. (CSE:FAT) (“Far” or “the Company”) has further amended its option agreement (the "Amended Option Agreement") with Redline Minerals Inc. (“Redline”), Redline Mining Corporation ("RMC"), and Southwest...Option Agreement • June 27th, 2016
Under the terms of the Amended Option Agreement, upon Far Resources having earned an initial 50% interest, it may elect to earn a further 30% interest by paying the Optionor an additional $180,000 cash, (reduced from $240,000 in the original agreement); issuing an additional 1,500,000 shares; and incurring an additional $900,000 (reduced from $1,500,000 in the original agreement) in Exploration Expenditures within three years of the election date.
