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Tamerlane Ventures to acquire Los Pinos copper deposit
2007-06-15 16:18 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation of an option agreement dated March 21, 2007, between the issuer and Luis Valdiviezo and Amanda Alarco whereby the issuer may acquire a 100-per-cent interest in the Los Pinos copper deposit located in the coastal cordillera of southern Peru.
The consideration payable to the vendors is a total of $1-million (U.S.) in staged payments over an 18-month period.
A finder's fee is payable to Extrano SAC in the amount of $50,000 (U.S.) and 50,000 common shares of the issuer.