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Bullboard - Stock Discussion Forum Cooper Minerals Inc V.CQ

TSXV:CQ - Post Discussion

Cooper Minerals Inc > 5 Days from the Bulletin
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Post by DriveKiller on Apr 19, 2011 9:40pm

5 Days from the Bulletin

Will be interesting to see if Mr. Tam managed to get things in order for certain deadlines that expired yesterday.

Under the agreement, in order to exercise the option the company must:

  1. Pay to the optionor $500,000 (U.S.) as to $100,000 (U.S.) on execution of the agreement and as to $400,000 (U.S.) within five business days of the date of this bulletin;
  2. Incur expenditures on the property in the total amount of $2-million (U.S.), as to $500,000 (U.S.) on or before the first anniversary of the date of this bulletin; as to $500,000 (U.S.) on or before the second anniversary of the date of this bulletin; and as to $1-million (U.S.) on or before the third anniversary of the date of this bulletin;
  3. Issue four million common shares in the capital of the company within five business days of the date of this bulletin.
Comment by palmparadise59 on Apr 19, 2011 10:54pm
According to how I figure this out, from Apil 13th till today April 19th is 5 business days.Paradise
Comment by DriveKiller on Apr 20, 2011 12:06am
my bad on counting calendar days Paradise. Thanks for the correction.What can I say, after this long, patience for the kids at Cooper has kind of grown thin.  
Comment by palmparadise59 on Apr 20, 2011 8:40am
Oh I hear you!!! Loud and crystal clear!Good Luck to all!paradise
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