RE:Work commitment dates extended to this summer I may have misspoke about the May 4 work comitment dates being changed to the summer, as the July 10 extension applies only to the next payment due it appears. However, the other provision is to allow lumping of exploration work to date into the 2nd year.
I read these as the new terms that will allow for funding over the next two months, and provide time for at least one full future season of exploration:
--Gives until July 10 to gain funding for next cash payment to Brixton
--Extends needed work expeditures in the first year into the 2nd year of the agreement
--Pac Bay will issue 1,000,000 shares to Brixton now
--Pac Bay will account $250K in Atlin expeditures to date