Shining Tree Res Corp. new development:
yahoo.brand.edgar-online.com
THIS MINERAL PROPERTY ACQUISITION AGREEMENT (“Agreement”) is made effective as of the 10th day of February, 2012 (the “Effective Date”) by and between Shining Tree Resources Corp., an Ontario corporation (“Seller”) and Joshua Gold Resources Inc. , a Nevada corporation (“Purchaser”). Purchaser and Seller are collectively referred to herein as the “Parties” and individually as a “Party”.
3. Purchase Consideration . As consideration for the sale of the Conveyed Property, Purchaser shall deliver the following to Seller in the manner set forth below:
(a) Fifty Thousand Dollars (CDN $50,000.00) according to the following schedule:
(i) Ten Thousand Dollars (CDN $10,000)upon execution of this Agreement;
(ii) Fifteen Thousand Dollars (CDN $15,000) due on March 30, 2012;
(iii) Fifteen Thousand Dollars (CDN $15,000) due on June 30, 2012.
(b) Subject to the approval of the Board of Directors of Joshua Gold Resources Inc., One Million (1,000,000) common shares of the Purchaser on or before March 30, 2012; and
(c) Complete Two Hundred Thousand Dollars (CDN $200,000.00) of Expenditures on the Conveyed Property on or before February 10, 2014. Upon completion of payment for the Property in the aggregate amount of Fifty Thousand Dollars (CDN $50,000) of Expenditures on the Conveyed Property, the seller will issue to the Purchaser 1,000,000 common shares of the Seller on or before July 30, 2012.
EXHIBIT “A”
Description of the Property
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| CLAIM #:
| TOWNSHIP
| RECORDED HOLDER
| DUE DATE
| 4251801
| Churchill
| Shining Tree Resources Corp.
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| 4251802
| Churchill
| Shining Tree Resources Corp.
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| 4251803
| Churchill
| Shining Tree Resources Corp.
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| 4251805
| Asquith
| Shining Tree Resources Corp.
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