Sunday, November 22, 2015 6:50:25 PM
" A summary of Argonaut’s required payments to Mexus for the option and required expenditures relating to the Mining Conessions are as follows:
1. Argonaut will make a cash payment to Mexus of US$75,000 upon execution of the Agreement plus incur required expenditures relating to the Mining Concessions of not less than US$300,000 by December 31, 2015.
2. In the event that Argonaut desires to extend the option period to June 30, 2016, Argonaut shall pay a cash payment to Mexus of US$125,000 plus incur required expenditures relating to the Mining Concessions of not less than US$500,000.
Argonaut reserves the right to terminate the Agreement at any time with 30 days written notice."
Today, 22 Nov is now 8 days from Dec 1, 30 days from last day of notice required, Dec 30, or contract default with no further interest involved.
Call it "Argo-not! Short Timer"
1, 2, 3, 4, 5, 6, 7, 8... expires! 30 Dec 12 PM... 8
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