RMX-v...in the news:
Rubicon to acquire three Gander Lake properties
Thu 28 Feb 2002
Property Agreement
The Canadian Venture Exchange has accepted for filing documentation for the
following property acquisition transactions.
1. An option agreement dated Dec. 24, 2001 (effective Feb. 22, 2002)
between the company and Gary E. Lewis, Cyril M. Reid and Paul Chaffe
(collectively, the optionors), whereby the company may acquire a
100-per-cent interest in the Lewis B property comprising 321 claims located
in the mining district of Gander Lake, Newfoundland.
Consideration for the interest in the property is cash payments totalling
$67,000 (over a four-year period) and the issuance of a total of 60,000
common shares (over a four-year period) to the optionors.
2. An option agreement dated Dec. 20, 2001 (effective Feb. 22, 2002)
between the company and Stephen Stares and James Crocker (collectively, the
owners) whereby the company may acquire a 100-per-cent interest in the NST
property comprising 30 claims located in the mining district of Gander
Lake, Newfoundland.
Consideration for the interest in the property is cash payments totalling
$20,000 and the issuance of a total of 60,000 common shares (an initial
10,000 shares) over a four-year period to the owners.
3. An option agreement dated Dec. 24, 2001 (effective Feb. 22, 2002)
between the company and Gary E. Lewis (the owner) whereby the company may
acquire a 100-per-cent interest in the Lewis A property comprising 424
claims located in the mining district of Gander Lake, Newfoundland.
Consideration for the interest in the property is cash payments totalling
$33,000 and the issuance of a total of 50,000 common shares (an initial
10,000 shares) over a four-year period to the owner. |
