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Thursday, October 23, 2014 2:33:48 PM
SANP ~8K~ .0002~DEAL w/ TSXV:PRG WORTH 0080~READ...
VERY LITTLE DILUTION FOR OVER 2 MONTHS!
~EARLY JUNE O/S= 420M
~LATE JULY O/S= 440M
VERY LITTLE VOLUME SINCE THEN WITH THE EXCEPTION OF LAST FRI.
~450M-500M MAX CURRENT O/S
500M x 0003 = $150,000 CURRENT MARKET CAP!
NEW 8K>>>
Item 1.01 Entry into a Material Definitive Agreement. <<< New Property
On September 15, 2014, Santo Mining Corp, (the “Company”) signed a new mining contract (the “Mexico Agreement”) in Mexico with Compania Minera Angeles Del Desierto SA de CV. The contract provides the Company with exclusive rights to extract, process, ship and refine an unlimited amount of mineral ore from three concessions totaling 7.468 square Kilometers. Term is 15 years with provision for a 10 year extension.
Item 2.01 Completion of Acquisition or Disposition of Assets. <<<Sale of Old Property
On July 16, 2014, the Company closed on an agreement (the “Purchase and Sale Agreement”) with Precipitate Gold Corp. (“Precipitate”) and Gexplo S.R.L. (“Gexplo,” and, together with the Company, the “Vendor”), dated June 30, 2014, whereby Precipitate acquired a 100% interest in two concession applications in the Dominican Republic known as “Richard” and “David,” which cover an area of 220 and 1,400 hectares respectively. The David concession is located on the north central border of Precipitate’s Juan de Herrera concession within the Tireo Gold Camp and greatly increases Precipitate’s prospective Tireo landholdings. In exchange, Precipitate granted the Vendor (1) a 2% net smelter royalty (“NSR”) on each of the concessions. The NSR can be purchased by Precipitate for the price of US$500,000 per 0.5% for a total purchase price of US$2,000,000; and (2) 100,000 share purchase warrants (“Warrants”) allowing the Vendor to purchase up to 100,000 shares of Precipitate’s common stock at an exercise price of $0.30 per share for up to 3 months from the date of grant.
$2,000,000/ 500Mo/s = 0040 for each property!
TWO PROPERTIES("Richard" and "David")= 0080 Coming on Sale of NSR
TSXV:PRG
PRECIPITATE GOLD>>> http://www.precipitategold.com/s/home.asp
http://www.precipitategold.com/s/news.asp?ReportID=662549
VERY LITTLE DILUTION FOR OVER 2 MONTHS!
~EARLY JUNE O/S= 420M
~LATE JULY O/S= 440M
VERY LITTLE VOLUME SINCE THEN WITH THE EXCEPTION OF LAST FRI.
~450M-500M MAX CURRENT O/S
500M x 0003 = $150,000 CURRENT MARKET CAP!
NEW 8K>>>
Item 1.01 Entry into a Material Definitive Agreement. <<< New Property
On September 15, 2014, Santo Mining Corp, (the “Company”) signed a new mining contract (the “Mexico Agreement”) in Mexico with Compania Minera Angeles Del Desierto SA de CV. The contract provides the Company with exclusive rights to extract, process, ship and refine an unlimited amount of mineral ore from three concessions totaling 7.468 square Kilometers. Term is 15 years with provision for a 10 year extension.
Item 2.01 Completion of Acquisition or Disposition of Assets. <<<Sale of Old Property
On July 16, 2014, the Company closed on an agreement (the “Purchase and Sale Agreement”) with Precipitate Gold Corp. (“Precipitate”) and Gexplo S.R.L. (“Gexplo,” and, together with the Company, the “Vendor”), dated June 30, 2014, whereby Precipitate acquired a 100% interest in two concession applications in the Dominican Republic known as “Richard” and “David,” which cover an area of 220 and 1,400 hectares respectively. The David concession is located on the north central border of Precipitate’s Juan de Herrera concession within the Tireo Gold Camp and greatly increases Precipitate’s prospective Tireo landholdings. In exchange, Precipitate granted the Vendor (1) a 2% net smelter royalty (“NSR”) on each of the concessions. The NSR can be purchased by Precipitate for the price of US$500,000 per 0.5% for a total purchase price of US$2,000,000; and (2) 100,000 share purchase warrants (“Warrants”) allowing the Vendor to purchase up to 100,000 shares of Precipitate’s common stock at an exercise price of $0.30 per share for up to 3 months from the date of grant.
$2,000,000/ 500Mo/s = 0040 for each property!
TWO PROPERTIES("Richard" and "David")= 0080 Coming on Sale of NSR
TSXV:PRG
PRECIPITATE GOLD>>> http://www.precipitategold.com/s/home.asp
http://www.precipitategold.com/s/news.asp?ReportID=662549
My opinions and comments are just that. They are not a recommendation to either buy or sell any security.
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