Jilin Jien adds $45,000,000How many companies are this well funded? Big days ahead folks and thats why there's loading up. Jilin Jien knows a great investment with the results GBK have been pulling out of the ground.
Jilin Jien Nickel Joint Venture Agreement
Goldbrook Ventures has announced (see press release of August 29, 2008) that it has entered into a
definitive agreement with Jilin Jien Nickel Industry Co., Ltd. of Panshi, Jilin, China (“Jien”) for the
exploration and development of Goldbrook’s Raglan District properties comprising some 891,000
acres in northern Quebec. Jien may earn a 50% interest in the property by providing funding of $45
million over three years for exploration on the property, plus any funds rebated by the government for
expenditures during the first two years. Upon Jien acquiring a 50% interest, any government rebate
from exploration in the third year will be applied to a fourth year work program and other costs will
be funded 50% by Jien and 50% by Goldbrook.