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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (135951)	11/7/2008 11:56:38 AM
From: Nostradameus	Respond to of 313809

Voici . In July of 2008 Brazauro signed an option agreement with Eldorado Gold Corporation, where Eldorado can earn up to 75 % of the TZ project for a total of C$ 123 million in expenditures and cash- payments as follows: Private placement of 8.8 million Brazauro shares @ C$ 0.95 for C$ 8.36 million. This includes ½ a warrant priced at C$ 1.30. This is equivalent to an additional C$ 5.72 million. Eldorado will fund the project for a minimum of C$ 9.5 million over a two year period. Completing the above and making a Payment of C$ 40 million will earn Eldorado a 60% share of the TZ project. A further 10% can be acquired by paying Brazauro C$ 30 million and this can increase to C$ 40 million if the resource proves to be >2.5 million ounces of gold. On top of that an additional 5% for a total of 75% can be purchased by paying another C$ 20 million.