Maxam Gold Corp. OBB:MXAM Message Board

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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: Richard Mazzarella who wrote (5488)	8/27/1998 6:22:00 PM
From: Anne Lamb	Read Replies (1) of 11603

at the risk of having ridiculous accusations made, I do happen to know the rule for the re-ups and the lands involved. IPMs land is owned by OMEGA <the llc that took the ipm debt from Phoenix when it was renegotiated> and the IPM land is in that name.<Black Rock North was claimed just last year by IPM with no connection to Runyon> In the eyes of the federal govt, the land belongs to the name that it is under, so in this case,it belongs to the Omega LLC. Runyon always claimed all the land in 8 names <mostly or all family members,i think>. One square mile equals 4-160 acre sectors..each sector cost 135.00 to claim and 100.00 a year for maintenance. When a sector<160 acre claim> is QUITCLAIMED to one person/several persons/or a corporation..it remains in this increment. So Runyon to Omega means no change in the maintenance fee or size. ONLY when land is claimed initially by a corp or one person does the 20 acre rule apply. I dont know how much of the land that the Runyons own belongs to Maxam but for 137 sq miles..the tab is 54,800.00. AT

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