Standard Mining, ( Formerly Quest International ) Message Board

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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International )

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To: ThomasJ.Menning who wrote (408)	5/17/2000 10:31:00 PM
From: Robert J Mullenbach	Read Replies (1) of 462

Nice to have you post on the thread, this is only terms I know of. Hope this helps. biz.yahoo.com XXXXXXXXXXXXXXXX The agreement signed between AngloGold and Standard allows for a 90-day evaluation and due diligence period. Standard has paid a non-refundable deposit of $US 50,000 for the right to carry out this due diligence. At the end of the due diligence period Standard must then decide whether it wishes to acquire the company, Minera Chanate. If Standard agrees to acquire the Company then it must pay $US 200,000 to AngloGold followed by a further $US 1,800,000 by January 1, 2001. Also a sliding scale N.S.R. royalty ranging from 4% to 2% dependent upon production. The royalty amount can be reduced by one-half on a payment of $US 1,000,000 by Standard at any time after production start-up. I have been a long term supporter of you and this Company on this thread for a long time. Sorry you parted company.

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