Re: News release (IGD Site)
in response to
by
posted on
Sep 25, 2012 05:41PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Also from the new website of Intigold about the terms of the property option agreement...
"Intigold has the right to earn up to a 60% interest in the Property from St. Elias by paying $200,000 in cash to St. Elias, issuing 1,000,000 common shares of Intigold to St. Elias and incurring $1,500,000 in Property exploration expenditures over a three-year period. The remaining 40% interest in the Property is a working interest to production. On September 12, 2012, St. Elias and Intigold entered into an Extension Agreement, whereby St. Elias granted an extension to Intigold until December 31, 2012 to make certain cash and exploration expenditure payments, as more particularly set out in the Option Agreement."
Notice how Lori just signed an extension agreement between SLI & IGD. These agreements do not appear to be at arms-length and she does whatever suits her personal agenda. It appears (in my opinion) that she is looking to take control of the gold at Tesoro through agreements with IGD.