JOINT VENTURE WITH DOURAVE MINING AND EXPLORATION INC.Joint Venture Agreement • May 13th, 2009 • Bullion Monarch Mining, Inc. • Mineral royalty traders
A joint venture agreement (the “JV”), would be entered into among Dourave Mining and Exploration Inc., a corporation formed under the laws of Canada (“Dourave Canada”), Dourave Mineracao e Exploracao Mineral Ltda., a corporation organized and existing under the laws of Brazil (“Dourave Brazil”) and Bullion Monarch Mining, Inc., a Utah corporation (“Bullion”). The purpose of the JV would be to contribute jointly to the development and exploitation of the mineral rights owned or controlled by Dourave Brazil and described below. The parties agree to work towards establishing, on a tax-effective and exchange-control compliant basis, one or more entities and arrangements that permit them to establish a jointly-owned entity in Brazil that directly owns such rights.
