Posted On: 09/05/2013 10:21:18 AM
Post# of 36140
Re: Pecanzington #5939
TRLR +.0006 another solid start with more great news about the Chile claim!
Upon the successful conclusion of the testing phase all ownership of the project and property will be deemed to have been earned and all right and title shall be transferred to the Company. This concession granted to Trulan by the Vendor will ensure the success of the project and removes any impediment to construction that may arise due to unforeseen delays.
Once the transfer has been completed and mining operations are underway, Trulan's financial obligation to the Vendor will be the payment of thirty-three and one third (33 1/3) percent of the net profits that arise from the production and sale of all products derived from the IGP Project. Such payments are to begin only after the capital costs associated with the establishment and construction of the pilot plant have been recouped by the Company.
Upon the successful conclusion of the testing phase all ownership of the project and property will be deemed to have been earned and all right and title shall be transferred to the Company. This concession granted to Trulan by the Vendor will ensure the success of the project and removes any impediment to construction that may arise due to unforeseen delays.
Once the transfer has been completed and mining operations are underway, Trulan's financial obligation to the Vendor will be the payment of thirty-three and one third (33 1/3) percent of the net profits that arise from the production and sale of all products derived from the IGP Project. Such payments are to begin only after the capital costs associated with the establishment and construction of the pilot plant have been recouped by the Company.
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