I don't know if this is old news in that the deals were submitted a long time ago.
The TSX Venture Exchange has accepted for filing a mining lease with royalty buydown option agreement dated Feb. 28, 2010, between Evolving Gold Corp., and Dean Stitzel and Camron Stitzel (collectively, the lessor), whereby the company has a mining lease with royalty buydown option to acquire a 100-per-cent undivided interest in and to eight mining claims (the NAT claims) located in Elko county, Nevada. The initial payments were in the amount of $25,000. The advanced minimum royalty (AMR) payments will be $10,000 from the first to fifth anniversary, $15,000 from the sixth to ninth anniversary and $20,000 from the 10th anniversary and subsequent anniversaries. The company will issue 100,000 shares at the start of commercial production from the NAT claims and 50,000 shares as a condition to maintain the lease in effect beyond its fifth anniversary date.
I hope these ARE "Gutsy" claims!
The TSX Venture Exchange has accepted for filing a mining lease with purchase option agreement dated Oct. 26, 2009, between Evolving Gold Corp. and Nevada Mine Properties II Inc. (George J. Eliopulos), whereby the company has a mining lease with purchase option to acquire a 100-per-cent undivided interest in and to 62 mining claims (the Gutsy claims) located in Elko county, Nevada. The advanced minimum royalty (AMR) payments are in the total amount of $90,000 over five years ($12,500 in the first year), and the company will issue 100,000 shares at the start of commercial production from the Gutsy claims and 50,000 shares as a condition to maintain the lease in effect beyond its fifth anniversary date.
� 2010 Canjex Publishing Ltd.
