New Claymore Resources Ltd NCS
Shares issued 4,015,775 May 27 close $1.78
Thu 28 May 98 Property Agreement
The VSE has accepted for filing an option agreement dated April 16, 1998,
between New Claymore Resources and Meteor Minerals and Cambridge Minerals,
whereby Meteor and Cambridge may each acquire from New Claymore a 25 per
cent interest in mineral exploration permits covering 205,000 acres in the
Buffalo Hills/Peace River area of Alberta, known as the Tosca prospect. To
each earn their respective 25 per cent interest, Meteor and Cambridge will
each incur the following payments:
a) $25,000 cash and issue 25,000 shares upon exchange acceptance for
filing;
b) Pay $25,000 to the company before Dec. 31, 1998;
c) Issue an additional 75,000 shares to the company before Dec. 31, 1998;
and
d) Incur exploration expenditures on the property of $2.00 per acre
before Jan. 31, 2000.
|
