UEX Corp UEXCF

RE:RE:RE:RE:Flow through financing deal

[bottomtrawler01]

 On that note, isn't it silly to look for financing this early in the game? With a better results from the next holes, s/p should rise. If they aren't spending the money now, why give a peice of our company away so cheap?

 

Earn in schedule says, 'before the indicated dates'. I thought maybe they could meet their earn in obligations sooner if desired. Just a thought.

 

                                                           UEX cumulative
                                              Exploration         interest
Date                        Cash payment  work commitment           earned

Upon signing of the LOI    $     250,000  $             -               0%
Before Jan. 28, 2016           1,750,000                -           10.00%
Before Jan. 1, 2017            2,000,000        2,500,000           30.00%
Before Jan. 1, 2018            1,000,000        2,500,000           45.00%
Before Jan. 1, 2019            1,000,000        5,000,000           60.00%
Before Jan. 1, 2020            1,000,000        5,000,000           70.00%
                           $   7,000,000  $    15,000,000           70.00%