TSX:SGR.UN - Post by User
Comment by
monzieon Jan 19, 2012 3:27pm
317 Views
Post# 19423429
RE: RE: RE: SGX
RE: RE: RE: SGX And Simon before you even try to post a response. Here's some joint news on SGX Resources and SanGold, read up, and learn about the company you're bashing.
San Gold Corp. And SGX Resources Inc. Announce Closing Of Joint Acquisition Of Mineral Claims From Canada Lithium Corp
Tuesday, 7 Sep 2010 05:22pm EDT San Gold Corp. and SGX Resources Inc. announced that they have closed their previously announced acquisition from Canada Lithium Corp of a 100% interest in 18 mineral claims held by CLQ located in Tully Township, Porcupine Mining Division, District of Cochrane, Ontario. The consideration paid by San Gold and SGX consists of: (i) 150,000 common shares of San Gold issued by San Gold to CLQ; (ii) 600,000 common shares of SGX issued by SGX to CLQ; and (iii) $200,000 cash paid by SGX to CLQ. San Gold and SGX shall each acquire a 50% interest in the Mineral Claims. In addition to the consideration paid by SGX to CLQ, SGX shall be required to pay the first $223,000 in exploration expenditures on the Mineral Claims. Following the expenditure of such funds, San Gold and SGX shall each be responsible for 50% of the cost of any exploration work undertaken on the Mineral Claims. SGX will be the operator of the Mineral Claims. The common shares of SGX and San Gold issued to CLQ will be subject to a hold period of four months and a day in accordance with applicable securities laws.