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Silver Pursuit Resources Ltd. (TSXV:SPF) announced further amendments it its exploration agreement originally signed on May 22 2009, and amended August 8 2011, with the vendor of the La Tuna Property in Sonora, Mexico.
Silver Pursuit Resources Ltd. (TSXV:SPF) announced further amendments it its exploration agreement originally signed on May 22 2009, and amended August 8 2011, with the vendor of the La Tuna Property in Sonora, Mexico.
As quoted in the press release:
Subject to the TSX Venture Exchange approval, the parties agree that the obligation for FPV Mexico to pay US$150,000 plus any taxes to the vendor on or before the third anniversary of the execution of the Exploration Agreement be amended whereby the Company will issue BLLB an aggregate of 1,000,000 shares in its capital stock as follows: i) 833,333 shares in satisfaction of US$75,000 of the scheduled US$150,000 payment of FPV Mexico due to the vendor of the property on May 22, 2012; and ii) 166,667 shares in consideration of postponing the remaining US$75,000 outstanding due date from May 22, 2012 to November 22, 2012.
Click here to read the press release.
