DEVELOPMENT AGREEMENTDevelopment Agreement • June 23rd, 2006 • K Tronik International Corp • Power, distribution & specialty transformers • Ontario
THIS AGREEMENT witnesses that in consideration of the mutual covenants hereinafter contained and for the other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party, the parties hereto have agreed as follows;
DEVELOPMENT RIGHTS ACQUIRED FOR SASKATCHEWAN RACETRACKK Tronik International Corp • June 23rd, 2006 • Power, distribution & specialty transformers
Toronto, Ontario, June 21, 2006 – K-Tronik International Corp. (OTCBB: KTRK) ("K-Tronik") has entered into an agreement with MBC Racing (MBC) to buy the exclusive rights agreement for a racetrack and casino (racino) development opportunity in Regina, Saskatchewan, known as Queen City Raceway.
