the harry booster rocket's potential is looking good Pursuant to the terms of the Option Agreement, the total aggregate consideration payable by the Company to Teuton for an 80% interest in the Harry Property is an aggregate of up to $1,500,000 cash over five years from September 13, 2021 (the "Effective Date"); an aggregate of up to 4,000,000 common shares of Optimum in installments over a five year period from the Effective Date; and incurring expenditures on the Property (or making a cash payment to the Teuton in lieu) of up to $9,000,000 in installments over five years from the Effective Date. Upon the exercise of the Option and Optimum acquiring an 80% interest to the Harry Property, the parties will enter into a joint venture agreement for the operation of the project and Optimum will grant to Teuton a 2% Net Smelter Royalty. All securities issued in connection with the Option Agreement are subject to applicable statutory hold periods for a period of four months from the date of issuance.
Following receipt of Exchange approval the Company issued the initial cash payment of $50,000 and issued 200,000 common shares to Teuton
https://stockhouse.com/news/press-releases/2021/11/12/optimum-ventures-announces-closing-of-option-to-acquire-up-to-80-interest-in