0001002014-14-000280 Sample Contracts

SILVER STREAM ENTERS INTO STANDSTILL AGREEMENT TO PERFORM DUE DILIGENCE ON BUNKER HILL MINE, KELLOGG, IDAHO
Standstill Agreement • May 22nd, 2014 • Silver Stream Mining Corp. • Services-management consulting services

LAS VEGAS, NV, MAY 22, 2014 – Silver Stream Mining Corp. (the "Company" or "Silver Stream") (OTCQB: AGSM) announced today it has entered into a standstill agreement ("Agreement") with Placer Mining Corporation, a Nevada corporation ("Placer"), which owns the Bunker Hill Mine, near Kellogg, Idaho ("Bunker" or the "Property"), in which Silver Stream will have the exclusive right to evaluate and perform due diligence on the Property until August 15, 2014 ("Review Period"). Upon completion of the Review Period, the parties expect to negotiate and enter into option and exclusivity agreements ("Option Agreements") whereby Silver Stream can acquire the interests of Placer shareholders upon satisfaction of certain terms and conditions to be negotiated.

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!