TSXV:AKA - Post Discussion
Post by
Numb3rs on Oct 07, 2009 4:26pm
AKA Ventures agreement for lithium property
AKA Ventures agreement for lithium property
2009-10-07 16:12 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation in connection with an option agreement dated Sept. 29, 2009, between A Better Search (Guy Laberge) and AKA Ventures Inc. whereby the company has been granted a right to earn a 100-per-cent interest in the Quebec lithium project. The total consideration payable is $20,000 and two million common shares with $250,000 in exploration expenditures in the first year and $500,000 in exploration expenditures in the second year. The property is subject to a 2-per-cent net smelter return of which 1 per cent may be purchased by the company for $1-million subject to further exchange review and acceptance. The shares will be distributed as follows:
- A Better Search (Mr. Laberge) -- one million common shares;
- Guy Girard -- 250,000 common shares;
- Ansacha Capital Inc. (Jean Francois Leman) -- 250,000 common shares;
- Nexvu Capital Corp. (Brian Leeners, Greg Pearson, Gordon Fretwell and Glenn Zinn) -- 500,000 common shares.
Ansacha Capital (Annie Denoncourt) will receive a finder's fee of 240,000 common shares
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