Related: Yanks Peak Resources Ltd -
Alberta diamond property acquisition
Yanks Peak Resources Ltd YPR
Shares issued 13961721
1998-04-14 close $0.05
Tuesday Apr 14 1998
Mr Douglas Mason reports
Consolidated Ventures Holdings and Yanks Peak Resources have entered into a agreement to purchase, each as to a 50% interest, certain metallic and industrial mineral permits, representing 8,352 hectares (20,637 acres), submitted to Alberta Energy from Raynard William Howarth for $17,230.03. Under the terms of the agreement, the purchase price consists of a one time cash payment of $1,250 payable to YPR and 22,919 common shares of Venturex and 50,000 common shares of YPR. Under the agreement, Howarth will retain a 2.5% net diamond royalty, and Venturex and YPR have the right to purchase 1% of the diamond royalty for $1,000,000.
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