RE: Caribou Options the Bonaparte PropertySounds like a quite good deal... 45 % of the project sold for the below
Terms of the agreement call for Caribou to pay to Encore $100,000after a 30 day due diligence period, pay $5 million over six years andissue up to 5 million shares of the Company over five years. Inaddition, the Company is required to spend $5 million in propertyexpenditures over the next five years in order to earn its interest.