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Gold/Mining/Energy : Rondal Gold Corp -RGD (formerly Prior Resources - PQL)
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To: Bob Brigger (Robert) who wrote (157)12/19/1996 6:43:00 PM
From: Robert Saito   of 331
 
Prior Resources Ltd. PQL ASE December 19, 1996
Major Property Transaction
L.E.H. VENTURES LTD. ("LEH") PRIOR RESOURCES LTD. ("PQL")

The Vancouver Stock Exchange has accepted for filing the following agreement:

An agreement dated December 6, 1996 between the Company and Prior Resources Ltd. and Prior Mexicana S. A. de C.V. whereby the Company will acquire a 50% interest in the El Chico property situated in the Pachuca District of the State of Hidalgo, Mexico. Consideration is
US$1,575,000 over the next five years plus a work commitment of $600,000 by December 1, 1998. A 3.0% Net Smelter Return on production from the Property is payable to Ronald Tammekand. A finder's fee of $10,000 cash and 25,000 shares is payable to Gary S. Teran.
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