Re: land not included in backin?
posted on
Apr 02, 2012 10:43PM
there is an area of interest (shcaft creek claim ) that is what the land claim areas are about. Copperfox has aquired lands around the claim pembrooke grieg that arenot part of the original a
project of interest in the agrrement. Also teck has a first right of refusal on any land aquired to put in back in agreement.
11 Area ofInterest
11.1 Neither party shall acquire,nor shall it permit any of its affiliates to acquire, whether directly orindirectly or pursuant to any third party agreement, any form of interest inproperty or minerals located wholly or in part within the area or areas lying withing a distance of two kilometers from the external perimeter of the Property (as it exist as of the date of thisAgreement, but excluding therefrom any claims or other mineral properties whichhave been abandoned) unless it first offersthe interest to be acquired for inclusion under this Agreement.