REDHILL AMENDS OPTION AGREEMENT WITH BILQUIST Redhill amends first-year Aspen option instalment
2013-09-12 16:28 ET - News Release
Mr. Graham Harris reports
REDHILL AMENDS OPTION AGREEMENT WITH BILQUIST
Effective Sept. 3, 2013, Redhill Resources Corp. has amended the terms of its agreement dated Sept. 20, 2012, with Ronald J. Bilquist regarding certain mineral claims in Northern British Columbia, which are part of the Aspen property.
The amendment agreement provides that:
- The $25,000 owing to Bilquist on the first-year anniversary of the option agreement will be paid as follows: (i) $7,500 on or before Sept. 20, 2013; and (ii) $17,500 on or before Feb. 20, 2014.
- The 200,000 common shares to be issued on or before the first-year anniversary of the option agreement are increased to 300,000 common shares (an increase of 100,000 common shares).
The option agreement remains in full force and otherwise unaffected by the terms of the amendment agreement except for minor changes to other clauses.
We seek Safe Harbor.