From WEL MD&A
Subsequent to year end, in February 2010 the Company agreed to a two-month extension of the spending requirement for the first year only, to April 30, 2010. StrikePoint paid $50,000 to the Company in addition to its agreed anniversary payment of $50,000 and issued 126,000 shares of StrikePoint to the Company. StrikePoint also agreed to the addition of a Wildcat geologist to the project team at StrikePoint’s cost, and agreed to make cash payments to Wildcat in the amount of any shortfalls in expenditure at future anniversary dates.
Frome SKP Nr:
During the first quarter of 2010, Strikepoint and Wildcat Exploration Ltd. amended some terms of the Poundmaker option agreement (see Stockwatch news dated Feb. 26, 2010). Strikepoint has fulfilled its annual option agreement payment obligation due March 1, 2010, by paying to Wildcat $50,000 cash and issuing 263,000 Strikepoint shares. Strikepoint has certain work commitment requirements that must be completed before April 30, 2010. It is anticipated that these commitments will be fulfilled by current exploration activities on the property
