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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Post by chux02on Jul 05, 2010 6:17pm
342 Views
Post# 17245103

JV Terms

JV TermsThey were announced in the December 23, 2009 news release. Richmont gave it ALL up for that $3M. MAR would have never started exploring without sole title. The only way for Richmont to get it back is for them to not follow the terms, which to you and me means, as long as they keep paying that money as called for in the terms of the deal announced on December 23, 2009, MAR & MOA are the sole JV owners of the Valentine Lake property, with MAR as the operator. That's about as....air-tight as you'll find in the mining industry.
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