RE:RE:RE:RE:Sokoman options out East Alder Gold Project likeike wrote: And we only paid 500,000 shares and net smelter to get it.
This property consists of 30 claims in two licenses and two separate agreements, one with Benton Resources Inc., and the second with a private consortium (Unity Resources). The Benton property was acquired for an initial share payment of 1 million shares on signing and $1,500 in cash, with 500,000 share payments due on the first anniversary (issued) and second anniversary of the agreement. Benton Resources also retains a 2% NSR of which 1% can be purchased for $1 million. The Unity Resources block was acquired (fully paid) for 1.4 million shares and $5,000 cash.
Of course SIC paid to get it going back in time. How much were SIC shares worth then? Optioning the property is a lot better than having it sit there? That was the point?