RE:RE:RE:selling of an optioned property for almost $1millionSure enough, the $760k goes to Minquest. At least that is money that Starcore will not have to pay.
"IM will assume all of Starcore's obligations under Starcore's current option agreement with Minquest. Following the transfer, IM will have the right to acquire a 100% ownership position in the Project"
"Following closing of the Transaction and payments as described above, IM will have the option to exercise its right to earn a 100% ownership position in the Project by making the following cash payments to the Optionor (for an aggregate total of US$760,000)"