St. Elias Mines

It seems to me we no longer have much say in this property as long as they meet the obligations per this agreement. However it does say the agreement was not finalized at the time of this NR taken from the Hi Ho web site.

CARMI, BC PROJECT (Molybdenum) – The Carmi Project is a Hi Ho’s premier advanced stage molybdenum exploration/development project. Hi Ho is the 51% owner of (2,873 hectares – 7,184 acres) of this property through an Option agreement where all option terms have been met. An amending agreement dated October 16, 2008 between the Company and the optionor provides that the Company can increase its interest in the Carmi property from 51% to 100% by paying $750,000 ($250,000 paid) and issuing 3,500,000 common shares of the Company within six months of signing a formal agreement. (Agreement not finalised)

HighRigger