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Posted On: 07/26/2019 4:46:33 PM
Post# of 9903
On March 25, 2019, the Corporation (GO GOLD RESOURCES, INC.) acquired the rights to an agreement which provides the option to acquire 100% of the concessions of the Los Ricos project (the “Option Agreement”).
The Option Agreement expires on November 15, 2023 and provides exclusive exploration rights to the Corporation for the duration of the term, with monthly payments beginning at $12,000 and increasing to $32,000 over the term of the agreement. Should the Corporation elect to exercise their option to acquire the concessions, a lump sum payment of $11,000,000 is required to be made within one year of the option election date. The Corporation has the right to terminate the Option Agreement at any time during the term, with no further financial commitments.
https://gogoldresources.com/
At this point, I am clueless as to who owns what.
The Option Agreement expires on November 15, 2023 and provides exclusive exploration rights to the Corporation for the duration of the term, with monthly payments beginning at $12,000 and increasing to $32,000 over the term of the agreement. Should the Corporation elect to exercise their option to acquire the concessions, a lump sum payment of $11,000,000 is required to be made within one year of the option election date. The Corporation has the right to terminate the Option Agreement at any time during the term, with no further financial commitments.
https://gogoldresources.com/
At this point, I am clueless as to who owns what.
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