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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1631)	12/23/2013 11:40:27 AM
From: Goose94	Read Replies (2) \| Respond to of 202704

Stateside bottom-fish MGG-V. His latest bottomfish, tax loss selling stock I'm buying is MGG.V. Good management, just vended a property to Lowell, and now has cash to start permitting/drilling their 100% Guerrero belt gold property south of Los Filos. Bought some at $.04 and bidding for more. Message 29295891 News Release - Dec 20, 2013 Minaurum Gold Inc. and Lowell Copper (JDL-V) have entered into a binding letter agreement in respect of, among other things, the grant of an option on Minaurum's Santa Marta volcanogenic massive sulphide project in Oaxaca, Mexico.Under the terms of the option, Lowell Copper can acquire up to a 70-per-cent interest in the project in exchange for financing work expenditures and delivering a prefeasibility study, as described below. Minaurum holds an option to acquire a 100-per-cent interest in the project pursuant to an option agreement with the property owner. As part of the transaction, Lowell Copper has subscribed for 7.5 million Minaurum units for an aggregate purchase price of $375,000, which is expected to be closed as the first tranche of a private placement of up to a total of $750,000. In addition, Lowell Copper will pay to Minaurum an additional $125,000 on or before Jan. 31, 2014, in connection with the execution of a comprehensive option agreement. The option In order to earn a 60-per-cent interest in the project and in order to maintain the option in good standing, Lowell Copper will be required to incur or finance the following work expenditures on the project: $1-million (U.S.) on or before Dec. 31, 2014; $2-million (U.S.) on or before Dec. 31, 2015; $3-million (U.S.) on or before Dec. 31, 2016. The work expenditure financing deadlines are structured to correspond to the underlying option exercise requirements and may be extended depending on the timing of the receipt of permits for planned drilling on the project. In order to earn an additional 10-per-cent interest in the project for a total 70-per-cent interest, Lowell Copper will be required to finance and deliver a prefeasibility study to Minaurum on or before Dec. 31, 2018. If the option is exercised, a joint venture will be formed in respect of the project. Darrell Rader, president and chief executive officer of Minaurum, commented: "Santa Marta exhibits all of the hallmarks of a significant district-scale VMS system. We look forward to working with the outstanding technical team at Lowell Copper to advance the project." Dr. David Lowell, chairman and chief executive officer of Lowell Copper, commented: "We are very excited about the prospects of the Santa Marta VMS target. Santa Marta represents a very unique and rare opportunity to discover a world-class VMS deposit with a relatively low amount of exploration expenditure." Santa Marta project The 7,310-hectare Santa Marta VMS project is located in Oaxaca state, Mexico. Infrastructure is good with a paved highway, power lines and water nearby. Minaurum has carried out airborne geophysics (VTEM), reconnaissance stream-sediment sampling and geological mapping. Dr. James Franklin, a recognized expert in VMS deposits, noted: "Santa Marta appears to have all of the classic features of highly productive VMS systems, such as the semi-continuous deposit set at Flin Flon comprised of the Main mine, Calinan and Triple 7. The stringer zone at Santa Marta has undergone slight oxidative weathering and already has supported a small historic mining operation. The massive oxide zone appears to have been largely not explored; we saw evidence of only two historic drill holes, and there are no records of what these intersected." Private placement Minaurum also announces a concurrent financing to issue up to 15 million units of Minaurum at a price of five cents per unit. Each unit will comprise one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of Minaurum for a period of two years at an exercise price of five cents. Lowell Copper has agreed to subscribe for 7.5 million units. The warrants are subject to an acceleration clause providing that the warrants will be exercisable within 30 days of receipt of notice from Minaurum, at any time following one year after the issue date of the warrants, in the event that the common shares of Minaurum have closed at or above 20 cents for 15 consecutive trading days. Lowell Copper and Minaurum have agreed that Lowell Copper will: be entitled to participate in future Minaurum financings so as to maintain its pro rata interest in Minaurum; limit the future exercise of warrants held by it to ensure that at no time through the exercise of warrants will Lowell Copper acquire greater than 19.99 per cent of the common shares of Minaurum, unless Minaurum shareholders have approved Lowell Copper as a new control person in accordance with TSX Venture Exchange policy; until Jan. 1, 2016, be bound by certain standstill restrictions, not sell or otherwise dispose of its securities in Minaurum except with the consent of Minaurum and vote its Minaurum shares in accordance with the recommendations of Minaurum's management or board of directors. Qualified person Stephen Maynard, MS, CPG, vice-president of exploration for Minaurum, has acted as the qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this release. Message 29218723