(via TheNewswire)
The option terms have been clarified to provide the Company ("AuQ") with an exclusive option to acquire 70% interest in the Property in two tranches of 35%.
The first tranche can be acquired by AuQ:
1) Issuing a
$350,000 10% promissory note due on or beforeOctober 2, 2022 ;2) Issuing 1,000,000 shares of AuQ to the Optionor
3) Incurring
$200,000 of property expenditures prior toOctober 2, 2021 .
The second tranche can be acquired by AuQ:
1) Issuing a
$350,000 10% 2 year promissory note on or prior toApril 15,2021 ;2) Issuing 500,000 shares of AuQ to the Optionor
3) Incurring
$250,000 of property expenditures prior toOctober 2, 2023 .
For more information please visitwww.sedar.comor contact:
Telephone: (604) 719-8129
E-mail: geoglen@shaw.ca
Neither the
Cautionary Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: conditions imposed by the
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Copyright (c) 2020 TheNewswire - All rights reserved., source