IGD, wow they had a pretty good deal announced back on Oct 09, 2012
Did not seem so great for the SLI shareholders at the time (obviously IMO), but it was what it was.
The new deal with the buyout of 83% of the NSR (for $2.5 Million for 2.5% NSR reduction), would put a value of $1 Million per percent.
So saying that, remember the deal IGD had:
Either way, IMO, it does not seem in the best interests of the shareholders?
Does it to anyone?
Cueva Blanca Property Agreement
The Company and Intigold have entered into an agreement whereby St. Elias and Intigold have agreed to amend certain terms of the option agreement whereby St. Elias granted to Intigold an option to earn a 60% interest in the Cueva Blanca Property (refer to news release dated May 9, 2011 for details regarding the option agreement). The agreement has been amended to remove the retention of a 1.5 % net smelter return royalty and to provide for Intigold to earn an option to acquire a 60% working interest with St. Elias retaining a 40% working interest. All other terms remain the same. Intigold can acquire a 60% working interest from St. Elias in consideration of Intigold making cash payments of $200,000 to St. Elias over a two-year period, issuing one million common shares in the capital of Intigold to St. Elias and incurring $1.5-million in exploration expenditures on the property over a three-year period.