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

To: Buckey who wrote (1076)	2/27/1999 5:22:00 PM
From: Tom Cat	Respond to of 5821

Buckey, Another one that gets in the fry. I am posting this to point out that the real state price is not cheap at LR and seem that prices are going up. TC Goldwater Resources Ltd - Goldwater property acquisitions Goldwater Resources Ltd GWR Shares issued 6,596,720 1999-02-24 close $0.5 Friday Feb 26 1999 The VSE has accepted for filing the following acquisitions: A letter agreement dated Feb. 5, 1999 between the company and 2973090 Canada Inc. (Glenn J. Mullan) whereby the company has acquired a 100 per cent interest in the Remparts prospects in the Lac Rocher area of Quebec. Consideration is the payment of $113,157 over three years, $300,000 in exploration expenditures over two years and the issuance of 200,000 shares. The shares are to be issued in four tranches of 50,000 shares each. The issuance of the first tranche is upon exchange acceptance while each of the last three tranches will be subject to the filing of a geological report with the exchange summarizing the completion of a work phase and recommending further work. Subject to further exchange review and acceptance, the 3 per cent net smelter return royalty may be reduced at any time on or before the fifth anniversary of exchange acceptance to 2 per cent by the company paying the optionor $1-million (U.S.). Advance NSR royalty payments of $10,000 per year shall become payable beginning on the fourth anniversary. The company will issue an additional 100,000 shares within 60 days of the date on which sustained commercial production commences, which is also subject to further exchange review and acceptance. A letter agreement dated Feb. 5, 1999 between the company and 2973090 Canada Inc. whereby the company has acquired a 100 per cent interest in the Tigres claims in the Lac Rocher area of Quebec. Consideration is the payment of $104,755 within three years, $300,000 in exploration expenditures within two years and the issuance of 200,000 shares. The shares are to be issued in four tranches of 50,000 shares each. The issuance of the first tranche is upon exchange acceptance while each of the last three tranches will be subject to the filing of a geological report with the exchange summarizing the completion of a work phase and recommending further work. Subject to further exchange review and acceptance, the 3 per cent net smelter return royalty may be reduced at any time on or before the fifth anniversary of exchange acceptance to 2 per cent by the company paying the optionor $1-million (U.S.). Advance NSR royalty payments of $10,000 per year shall become payable commencing on the fourth anniversary. The company will issue an additional 100,000 shares within 60 days of the date on which sustained commercial production commences, which is also subject to further exchange review and acceptance. An option agreement dated Feb. 16, 1999 between Albert W. Applegath, Peter Ferderber (the optionors) and the company whereby the company has acquired a 100 per cent interest in the Bon Frei properties in the Villebon Township in the Abitibi District of Quebec. Consideration is $13,843 and 100,000 special warrants which are convertible into 100,000 shares at no additional cost over one year. The special warrants are issuable in two tranches of which the first is upon exchange acceptance and the last subject to the filing of a geological report with the exchange summarizing the completion of a work phase and recommending further work. There is a 3 per cent net smelter return royalty in favour of the optionors. An option agreement dated Feb. 16, 1999 between Albert W. Applegath, Peter Ferderber (the optionors) and the company whereby the company has acquired a 100 per cent interest in the Villebon South property in the Villebon Township in the Abitibi District of Quebec. Consideration is $50,212 and 100,000 special warrants which are convertible into 100,000 shares at no additional cost over one year. The special warrants are issuable in two tranches of which the first is upon exchange acceptance and the last subject to the filing of a geological report with the exchange summarizing the completion of a work phase and recommending further work. There is a 3 per cent net smelter return royalty in favour of the optionors.