Newstrike closes Ana Paula!
We bought more NES today, now our biggest holding
Newstrike Capital agreement for Ana Paula
Newstrike Capital Inc (C:NES)
Shares Issued 67,012,877
Last Close 4/23/2010 $0.47
Wednesday April 28 2010 – Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated Feb. 16, 2010, between Newstrike Capital Inc. and Desarrollos Mineros San Luis SA de CV, a subsidiary of Goldcorp Inc. (a Toronto Stock Exchange-listed company), whereby the company will acquire a 100-per-cent interest in the Ana Paula property comprising four mining concessions located in the Guerrero state, Mexico.
Total consideration consists of $1.5-million in cash payments and $600,000 payable in shares, up to a maximum of 2,222,222 shares, of the company.
In addition, there is a 3-per-cent net smelter return relating to the acquisition. Upon completion of a feasibility study, the company will have the right to purchase 1 per cent of the net smelter return for consideration of $2.00 (U.S.) per ounce of gold that is classified as proven and probable reserves and measured and indicated resources in the feasibility study, to a maximum of $6-million (U.S.) in order to reduce the total net smelter return to 2 per cent.
To learn more about Newstrike Capital, visit their blog at http://newstrikecapital.com/blog/
I had been predicting a March PP for OLE….
has anyone heard any rumours of such a thing? does OLE need more money before or shortly after the FS?
thanks in advance
Why isn’t there an “about me” section on your blog? Who are you? The link for calichebahada doesn’t work.