GLOBAL MINERALS LTD NEW GMFLF

What's happen with Aurora Gold with the front rage

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The outline of Deal Structure for the letter agreement was that Aurora pay US$100,000 on signing the letter agreement. A further figure US$400,000 is due on signing the formal agreement on or before the 28 February 2010. Aurora would then provide the capital to resume mining and development at the FRG. Aurora would recoup 100% of the investment into the FRG from production before the profit share of 60% to Aurora and 40% to Global Minerals. Aurora has the right to acquire a further 10% by issuing 2 million shares to Global Minerals, resulting in 70% Aurora and 30% Global. A net smelter royalty of 5% is payable to a third party vendor.