RE:RE:$$% ;Yes 2 % is 100% over the JV,s we have optioned off for 100% ownership .SIC is not the Gov of Newfoundland trying to advance exploration... I think we should retain some ownership in JV,s to add tangible value as a resource is defined.... JMHO
Crippleback Lake gold property, subject to a 1-per-cent net smelter return royalty, by issuing a total of 1.25 million shares of the company to Sokoman as well as cash and work commitments totalling $600,000 over a four-year period.
and:
Canterra can acquire 100 per cent of East Alder by issuing a total of 750,000 common shares of Canterra and work commitments totalling $600,000 over a four-year period. Sokoman will retain a 1-per-cent net smelter return royalty on East Alder, with Canterra having the right to buy down 0.5 per cent of the royalty for $1-million.