Someone please explain this to me... see bolded text below... read from the bottom up.
red911
Sheltered Oak agreement for Larder Lake interests
2009-12-08 17:42 NT - Property Agreement
The TSX Venture Exchange has accepted for filing documentation relating to a mining claim purchase agreement dated Sept. 28, 2009, between Sage Gold Inc., a TSX Venture Exchange-listed company, and Sheltered Oak Resources Inc. (Subco), a wholly owned subsidiary of Sheltered Oak Resources Corp. Pursuant to the agreement, Subco shall acquire a 100-per-cent interest in the vendor's unpatented claims and interests located in the Larder Lake mining district in Kerrs township, Ontario.
As consideration, the company shall issue two million common shares to the vendor and pay $500,000 12 months after closing.
The vendor shall retain a 2-per-cent net smelter returns royalty (NSR), of which 1 per cent can be purchased by the company at any time for $500,000.
For more information, refer to the company's news release dated Sept. 28, 2009.
Re: OAK...
posted on Dec 08, 09 10:58AM
Dear shareholder,
Thank you for your inquiry.
Sage will have 672,500 free trading shares and 1.868M warrants of OAK at 0.27 good until August 2011.
Regards,
AGORACOM Investor Relations
OAK...
posted on Dec 08, 09 09:15AM
How many shares and options/warrants (terms) of OAK will SGX have when Kerrs deal closes?
Thanks in advance.
red911
Sheltered Oak files for claim forfeiture relief
2009-12-04 15:21 ET - News Release
Mr. Robert Hanson repors
OAK OBTAINS RELIEF FROM FORFEITURE FOR MINING CLAIM L1140877
Sheltered Oak Resources Corp., further to its Stockwatch news release of Sept. 28, 2009, has acquired certain mining claims in Kerrs township which were adverse in interest to an area of ground covered by mining claim L1140877, which forfeited in late June, 2009. Immediately following the acquisition, Oak surrendered its interest in such claims in order to complete a relief from forfeiture application and file assessment work credits for L1140877. Oak can now proceed to complete a transaction with Sage Gold Inc. to transfer various properties pursuant to the agreement announced with Sage in Stockwatch on Sept. 28, 2009.
