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Gold/Mining/Energy : CDN. MOMO PUPPIES
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To: rdww who wrote (36058)1/15/2001 10:18:41 AM
From: Jimsy  Read Replies (1) of 36688
 
Pele Mountain deal with Kennecott ......."Pele has also announced that Kennecott has agreed to pay the $25,000 cost of processing the bulk sample at Lakefield. In return, Kennecott will have the exclusive right to negotiate a joint venture for 60 days following receipt of the final results of the bulk sample. Kennecott will notify Pele within 10 days of the final results whether or not they elect to pursue negotiations. If Kennecott elects not to proceed with negotiations, then Pele would be free of any obligation. If Kennecott elects to proceed with negotiations, then Pele must not solicit or entertain offers on the Festival property from any party for 60 days. During the 60 day period both Kennecott and Pele must make best efforts to arrive at a mutual agreement for entering a joint venture."
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