Letter of interest by and between Isidro Medina and GGSM dated June 09,2014Letter of Intent • June 26th, 2014 • Gold & Gemstone Mining Inc. • Miscellaneous manufacturing industries
According to our letter of interest that we sent you the 09th day of June, 2014. With number 3788.002\0010v5. In where the purpose of that letter (the “Letter of Intent”) was and is to set forth the mutual intentions of Gold and Gemstone Mining Mexico SRL de CV (“GGMM”) and Isidro Medina Ibarra (“MR. ISIDRO”) regarding the acquisition (“Acquisition”) of LOT MINING "SAN JOSE" located in Culiacan municipality, Sinaloa state, Mexico under number mining title 218155 from ISIDRO MEDINA IBARRA, ARSENIO DE LA ROCHA ALARCON, JOSE ANGEL MARTINEZ AYON, DANIEL CASTRO VERDUGO, FRANCISCO VALENCIA ALARCON by way of an option to purchase agreement (‘Formal Agreement”).
Letter of interest by and between Isidro Medina and GGSM dated June 09,2014Letter of Intent • June 26th, 2014 • Gold & Gemstone Mining Inc. • Miscellaneous manufacturing industries
The purpose of this letter (the “Letter of Intent”) is to set forth the mutual intentions of Gold and Gemstone Mining Mexico SRL de CV (“GGMM”) and Isidro Medina Ibarra (“MR. ISIDRO”) regarding the acquisition (“Acquisition”) of LOT MINING "SAN JOSE" located in Culiacan municipality, Sinaloa state, Mexico under number mining title 218155 from ISIDRO MEDINA IBARRA, ARSENIO DE LA ROCHA ALARCON, JOSE ANGEL MARTINEZ AYON, DANIEL CASTRO VERDUGO, FRANCISCO VALENCIA ALARCON by way of an option to purchase agreement ("Formal Agreement"). It is intended that the Acquisition will be completed pursuant to a plan of arrangement and will constitute the “Qualifying Transaction” of GGMM under the policies of the OTC Markets Exchange. This Letter of Intent sets forth the basis upon which GGMM and MR. ISIDRO are prepared to negotiate with a view to entering into a binding agreement so as to effect the Acquisition. This Letter of Intent, however, does not create a contract or impose obligations on the p
