More share dilutionPlus +$300,000 just a small private coal mine???
lol
I hope this is just a pure attempt to drive the share price high, since this is MOU, not a contract. NAG could be broken by this deal, imo, since it is too far away for the management to handle.
They have done poorly on both NAG & SLT, nothing has been proven yet.
New is out, what left is the free fall.
The Company has paid $100,000 upon the execution of this MOU to ACC.
- Upon closing of this agreement the Company will issue 8,000,000
units, consisting of one (1) common share and one (1) common share
purchase warrant exercisable at an exercise price of $0.20 per share
for a period of two (2) years from closing, to ACC.
- In addition the Company will pay $200,000 to the founder upon closing
of this agreement.
- A finders fee will be payable on this transaction in accordance with
TSX Venture Exchange policy.