Initial AgreementInitial Agreement • October 21st, 2010 • Sterling Group Ventures Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia
This agreement (“Initial Agreement”) entered into between Sterling Group Ventures, Inc (“Sterling”) and Chenxi County Hongyu Mining Co. Ltd. (“Hongyu”) on October 18, 2010 for the development of Gaoping Phosphate mine located in Tanjiaxiang, Chenxi County, Hunan Province, China (“GP Project”). Both parties agree that Hongyu will be taken over and 90% majority –owned by a Hong Kong investment company (“Investment Co”) controlled by Sterling.
