Decade Resources Ltd V.DEC

On second look this deal reeks!

[Mulli15]

The 90k shares were already agreed upon on the first deal. There is a reason this news is on the back burner. Teuton optioned the other 20 % for NOTHING!!! Here is the first deal. They get another 20% and no longer have to bring it to production for a handshake.

Decade has the right to earn up to a 55% interest in the Lord Nelson property under the following terms:

• Payment of $100,000 over 4 years with an initial payment of $10,000.
• Issuing 400,000 shares of Decade on signing.
• Issuing an additional $90,000 of Decade stock over a 4 year period.
• Expenditures of $2,000,000 over 5 years.
•  

[OgnyQ4]

NOT AGREED........................ Teuton optioned the other 20 % FOR EXTRA 90 000$ IN CASH as follows _____________________: In the first year, $15,000 in cash, $15,000 in common shares............ In the second year, $20,000 in cash, $20,000 in common shares........... In the third year, $25,000 in cash, $25,000 in common shares........... In the fourth year, $30,000 in cash, $30,000 in common

[OgnyQ4]

Total for years 1to 4, 90 000$ IN CASH, which was not part of the original agreement.......................... GLTA!!!

[Mulli15]

Ogny please take another look. It's the 3rd item on the original deal. It states $90k worth of shares over 4 years the only thing the new deal shows you is the amounts spread out per year which adds up to $90k. They just wrote it differently. Same deal but an additional 20% for nothing. 

[Mulli15]

Sorry I needed a 3rd look. 90k in cash for the additional 20% is still peanuts. This isn't good news. 

[Mulli15]

No, I am correct. The first deal has $100k and $90k shares going to Teuton. They just showed you how it's divvied per year. Brutal news imo. 

[OgnyQ4]

Agreed. You are correct.Thanks. ...... As far as drill results are pending and nobody knows, I will put my money on mitake or Good negotiations skills.

[sonofcroy]

its the exact same deal as aug 25th NR. Just official now. Thus the reference to aug 25th NR. They don't get the 20% without going into production. It's a non event news release stating that the deal is now closed and refers us to the old NR to get the full details of transaction otherwise it would be clearly stated as an amendment to original deal. You've all lost your minds over

[Mulli15]

Haha I just thought of this after you posted! Thank you. Yes I have! Need those results to come in. 

[sonofcroy]

</br /lol all good just thought i'd throw that out there. it does get confusing sometimes. this is a pretty simple deal though. >

[OgnyQ4]

Yep! It is only conformation on the original deal..... So... one more glass of wine for me. Cheers to all... fellows on the watch!