OTCPK:CTNXF - Post by User
Comment by
jonesrjon Apr 21, 2007 5:50pm
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Post# 12652588
RE: Joint venture agreement on Aillik signed
RE: Joint venture agreement on Aillik signedLet see if I got this straight.
1) In November, we staked out a claim on the Aillik URANIUM property in the Labrador Central Mineral Belt in.
2) Therefore Cornerstone owns 100% of the Aillik property, 40.5 sq km (162 claims) adjoining Aurora Energy Resources' holdings, for FREE.
3) Two months later, January, we signed a Letter of Intent with Cash Minerals to enter into the joint venture agreement.
4) Now here is the news about the deal, they spend three million dollars and we get 49% of whatever they find.
5) Who says that we can’t get something for nothing?
RJ