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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: GlobalMarine who wrote (8393)1/22/1998 12:31:00 AM
From: Kim W. Brasington  Read Replies (2) | Respond to of 20681
 
Rand:

The option that has been extended is the assaying methodology.

Regards,

Kim W.



To: GlobalMarine who wrote (8393)1/22/1998 2:12:00 AM
From: sh  Read Replies (1) | Respond to of 20681
 
Rand,

From what you quoted, Naxos had 90 days to exercise the second part of the option, which was "to pay another US$250,000 plus 2 million restricted shares ,to earn permanent rights to use the Johnson-Lett assaying methodology.." Naxos apparently obtained a thirty day extension to exercise the option "to earn permanent rights" to use the J/L method.

Kim, please correct me if I'm wrong.

sh


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