Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Rise who wrote (11312)	2/13/2003 5:12:21 PM
From: Al Collard	Read Replies (1) of 11802

EUK-v...in the news: Eureka, Peter amend Lottie No. 1 claim agreement Thu 13 Feb 2003 Property Agreement The TSX Venture Exchange has accepted for filing documentation with respect to a letter agreement dated Jan. 24, 2003, amending an agreement between Eureka Resources and Martin C. Peter. which was originally accepted by the Vancouver Stock Exchange on July 13, 1999. The original agreement grants the company the option to earn 100 per cent in the Lottie No. 1 claim, located in the Cariboo mining division, subject to a 2-per-cent net smelter return royalty. Pursuant to the letter agreement, the vendor retains only a 1-per-cent NSR, and the company has the right to acquire one-half of such NSR for $750,000. In consideration, the company will pay the vendor $5,000 in cash, and issue 250,000 common shares.

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