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North American Gem, Hackls amend Crayfish agreement
North American Gem Inc NAG
Shares issued 15,790,327 Mar 15 close $0.10
Wed 17 Mar 2004 Property Agreement
Further to the bulletin dated Dec. 19, 2002, the TSX Venture Exchange has
accepted for filing documentation pertaining to an amendment agreement
dated Aug. 19, 2003, between North American Gem, and Joe Hackl and Jory
Hackl, together as vendors, which amends the terms of an option agreement
dated July 27, 2001, as amended July 24, 2002. Under the amended terms, the
company may acquire a 100-per-cent interest in 65 contiguous claim units
located in the upper Shebandowan Lake area of Ontario, known as the
Crayfish property, for total cash payments of $125,000 to be paid in stages
on or before Aug. 21, 2005 ($60,000 paid) and 200,000 shares to be issued
in stages on or before Aug. 21, 2005 (100,000 due on TSX-V acceptance). In
addition, the vendors retain a 2-per-cent net smelter return royalty.
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