Wonder how this is connected to the other n.r. today about Ridgemont Capital opting out of the Kiyuk, Nunavut property.

Evolving Gold property agreement with Hauseux

Evolving Gold Corp (C:EVG)
Shares Issued 92,151,964
Last Close 10/7/2009 $1.14
Thursday October 08 2009 - Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated Aug. 1, 2009, between Evolving Gold Corp. (the company) and Marcelle Hauseux (the optionor), whereby the company has an option to acquire a 100-per-cent interest in and to 88 mining claims located near Nueltin Lake, Nunavut. In consideration, the company will make cash payments in the amount of $350,000 ($110,000 in the first year) and issue a total of 250,000 shares (90,000 shares in the first year) over a period of five years. There will be a 2-per-cent net smelter return (NSR), which can be bought down to 0 per cent with the payment of $2-million (U.S.) for each percentage point of NSR.

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