Page 13,14..new targets-possibly,likely Maximos targets Maximos Transaction
The Company is also pleased to announce it has entered into an agreement with Maximos Metals Corp. ("Maximos") for the provision of Maximos' proprietary 2D Nanospectra Geophysical Surveying System to the Company for the generation of new exploration targets on the Company's extensive 79,335 hectare land package east of White River, Ontario.
Upon transfer of proprietary target acquisition data to Harte Gold, the Company has agreed to grant Maximos 1,000,000 stock options with an exercise price equal to the closing price of the Common Shares on the TSX on the trading day prior to grant. The stock options will be exercisable for a period of five years from the date of grant with 50,000 options vesting immediately and the balance vesting at certain discovery milestones, the final milestone being a NI 43-101 compliant Mineral Resource Estimate of at least 500,000 oz Au.
About Maximos Metals Corp.
Maximos is a private Canadian exploration company with a proprietary method for the identification and characterization of in-ground mineral elements ("Nanospectra"). The 2D Nanospectra geophysical surveying and interpretation is a new method, developed over a 20 year period in private research laboratories. The novel system utilizes newly discovered aspects of Hyperspectral Imaging and advanced satellite sensory equipment to support interpretations irrespective of commodity, location, climate, or season. Maximos currently has asset interests and partnerships throughout North America and Africa.
MAXIMOS METALS HAS MUCH TO GAIN IF WE HIT DISCOVERY'S AT MULTIPLE TARGETS...THE NEW NAMES AND TARGETS SHOULD HAVE BEEN STUDIED FOR A CONSIDERABLE TIME BEFORE ENDING UP ON A MAP (PAGE 13,14 )...i WISH US ALL LUCK