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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: GlobalMarine who wrote (8393)	1/22/1998 2:12:00 AM
From: sh	Read Replies (1) of 20681

Rand, From what you quoted, Naxos had 90 days to exercise the second part of the option, which was "to pay another US$250,000 plus 2 million restricted shares ,to earn permanent rights to use the Johnson-Lett assaying methodology.." Naxos apparently obtained a thirty day extension to exercise the option "to earn permanent rights" to use the J/L method. Kim, please correct me if I'm wrong. sh

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