RE:RE:RE:RE:RE:RE:RE:RE:Stronger Buying today asks getting nailed I like this!!Alex77 wrote:
Decade Resources, Teuton Resources property agreement
2020-11-17 18:57 ET - Property Agreement
The TSX Venture Exchange has accepted for expedited filing an option agreement dated Aug. 24, 2020, between Decade Resources Ltd. and Teuton Resources Corp. (the optionor), whereby the company may acquire up to a 75-per-cent interest in six mineral claims, known as the Lord Nelson property, situated in the Skeena mining division in the province of British Columbia. Under the terms of the agreement, the consideration is as follows:
- Initial payment, $10,000 in cash and 400,000 common shares at a deemed price of eight cents common share;
- In the first year, $15,000 in cash, $15,000 in common shares and $200,000 in work commitments;
- In the second year, $20,000 in cash, $20,000 in common shares and $250,000 in work commitments;
- In the third year, $25,000 in cash, $25,000 in common shares and $300,000 in work commitments;
- In the fourth year, $30,000 in cash, $30,000 in common shares and $500,000 in work commitments;
- In the fifth year, $750,000 in work commitments.
Common shares issuable to the optionor in the payment years 1 to 4 are subject to a deemed floor price of six cents per share.
For further details, please refer to the company's news release dated Aug. 25, 2020.
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https://www.stockwatch.com/News/Item?bid=Z-C:DEC-2991427&symbol=DEC®ion=C
Interesting ______________ There is some changes,in favour of DEC. (IMO). Instead of aditional 25%, which DEC supposed to have after putting Nelson property in production(50%+25%.... see NR dated Aug. 25, 2020) ... NOW they will have 75% paying only extra 90 000 in security : "Common shares issuable to the optionor in the payment years 1 to 4 are subject to a deemed floor price of six cents per share"