GREY:XMTTF - Post by User
Comment by
spherewebon Dec 16, 2013 2:02pm
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Post# 22010689
RE:xme claims
RE:xme claimsI found they bought the claims from Metals Creek Resources, check under that company and u will find the claims
In order to acquire the 100% stake in the 24 claim unit block, Xmet will pay $5,000 in cash and 300,000 shares of Xmet upon receipt of TSXV approval of the transaction and an additional $5,000 in cash 90 days after TSXV approval of the transaction. In addition Xmet has agreed to fly an Electromagnetic Survey over the Blackflake Project after which Xmet can issue 1,700,000 million shares to the vendor to complete the acquisition of the 24 claim units. Metals Creek Resources, the vendor of the 24 claim unit block, will also hold a 1% Net Smelter Royalty (“NSR”) interest from all ore production from the 24 claim unit block, subject to, the right of Xmet to buy back half of the NSR interest for $500,000 and the final half for $1,000,000 at any time.