Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.
in response to golfyeti's message

10.10 Copper Fox Program. If by March 1 in any calendar year Teck does not

propose a Program with a budget of at least $500,000 in Costs, Copper Fox may,

by April 15 in that year, submit a draft Program with a budget of at least $500,000

in Costs. Copper Fox's submission of a draft Program shall be a commitment on

its part to fund the entire Costs budgeted for that Program if Teck elects not to

contribute. If:

(a) within 15 days, Teck elects to fund its share of the Costs of Copper Fox's

Program, Teck may modify the work plan, but not the budget, for the

Program and carry it out; or

(b) if Teck does not elect to fund its share of Costs, Copper Fox shall carry

out the Program and Teck's Interest will be diluted as contemplated in

§4.7; provided that, if Copper Fox completes the Program with less than

80% of the budgeted Costs having been incurred, Teck may contribute its

proportionate share of the actual Costs incurred and thereby maintain its

Interest.

Please login to post a reply
golfyeti
City
Rank
Vice President
Activity Points
15006
Rating
Your Rating
Date Joined
10/21/2011
Social Links
Private Message
Copper Fox Metals Inc.
Symbol
CUU
Exchange
TSX-V
Shares
439.1 million FD shares
Industry
Metals & Minerals
Create a Post