The MD&A was filed on the 9th, but an amended version was filed today. I will post excerpts later. Here is an excerpt dealing with the Strikepoint item, where I believe some corrections to previous info may apply.
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CORPORATE ACTIVITIES
During 2009 Wildcat agreed to extend the anniversary dates in the option previously granted to StrikePoint Gold Inc. (“StrikePoint”, formerly Marum Resources Inc.), and the Company carried out four private placements of flow through and non-flow through shares. The Company’s technical depth was increased by the appointment of Charles G. Pitcher, P.Eng., as a director of the Company at the Shareholders’ meeting in June 2009 and by the appointment of Thomas D. Lewis, P.Eng. as V.P. Exploration in October, 2009. Also in October, 2009, Peter Theyer, PhD., was appointed to the Company’s Technical Advisory Panel.
Property Transactions
In February 2009 the Company agreed to a one-year extension of the anniversary dates under the option previously granted to StrikePoint in relation to 72 contiguous claims in the Poundmaker property covering 12,176 hectares. Wildcat retained 26 claims covering 3,398 hectares which comprise the portion of the Poundmaker property known as the Mike Power area. On each anniversary date of this six-year agreement, as amended in February 2009, the Company will receive either $100,000 cash or, at Wildcat’s option,
$50,000 cash and $100,000 of Strikepoint shares at the market value on the anniversary date. The Company received $100,000 cash from StrikePoint in February 2009. Under the amended agreement, StrikePoint was required to make exploration expenditures of at least $500,000 before March 1, 2010, $1.5 million before March 1, 2011 and $1 million in each subsequent year.
After StrikePoint has spent a total of $4 million, the Company may elect to retain up to a 35% interest in the property by paying its share of costs from that point forward or to have StrikePoint carry out a further $1 million of exploration work upon which the Company’s interest in the property will be transferred to StrikePoint, subject to a 2% net smelter royalty in favour of Wildcat and subject to Wildcat’s right for a specified period to buy back up to a 35% interest in the property at a price per percentage point that is four times the amount expended by StrikePoint.
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 263,000 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.
