Mexus Gold US (MXSG)

[ConferredDiligence]

Copied and pasted from above, I've seen these deals terminated before...not a good clause in any contract:

"Once the option is exercised, Argonaut will hold an 80% interest of Newco and Mexus will hold a 20% interest in Newco. All mining operations will be funded by Argonaut at no cost to Mexus. Newco will be managed by three board members, one of which will be Mexus. Argonaut reserves the right to terminate the Agreement at any time with 30 days written notice provided that the required payments to Mexus have been made in accordance with the terms of the Agreement. (This is a deal based on gross revenue, ie, Meuxus will receive 20% of the project's total production at no cost except taxes and internal admin.)"