Sounds good to me:
Minvita Enterprises Ltd MVE
Shares issued 5,714,827 Jul 7 close $0.23
Wed 8 Jul 98 Property Agreement
See International Comstock Exploration Ltd (COZ) Acquisition The VSE has accepted for filing, documentation pertaining to an option agreement dated May 14, 1998, whereby International Comstock Exploration has the option to acquire from Minera Alexandra S.A. de C.V., the jointly owned and controlled subsidiary of Teuton Resource and Minvita Enterprises, a 50% interest in Alexandra's wholly owned mineral concession comprising of 18,773 hectares, known as the La Esmeralda property, 130km east-southeast of the city of Zacatecas, Mexico. Consideration is a total cash payment of $300,000 in stages over two years and the issuance of 200,000 shares in work related stages. The first tranche of 50,000 shares may be issued upon exchange acceptance and the remaining three tranches of 50,000 shares are each subject to completion of an exploration program and filing a technical report acceptable to the exchange recommending further work on the property. Comstock is also required to incur $2,500,000 in exploration expenditures over 2.5 years, with a firm commitment of $300,000 within six months of acceptance of the exchange.
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