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Message: I bet NOT offered something like this!

I bet NOT offered something like this!

posted on Jun 09, 2008 02:17PM

Which of coarse would be chump change for our McFaulds west properties.

I'm sure this would have the equivilant value of toilet paper to DaveP. Thus testy remarks from both parties....LOL



From GZZ nr:

In order to acquire its two 35-per-cent interests in the property (70-per-cent total interest), WSR will be required to make cash/share payments to Golden Valley Mines totalling $175,000, or $350,000 in total with the payments from Noront, payable in cash and/or by the issuance of common shares of WSR and Noront, upon the later of the execution of a definitive option agreement, or the receipt of approval from the TSX Venture Exchange. The number of shares, if any, to be issued by WSR and Noront as consideration for the option will be equal to the dollar amount of the total consideration that Golden Valley elects to receive in shares divided by the 10-day volume weighted average price of such shares for the 10-trading-day period immediately preceding the date on which a press release is issued announcing a definitive option agreement amongst WSR, Noront and Golden Valley Mines.

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