Infrastructure Materials Corp. (IFAM)

[funnyG986]

IFAM Gold/Silver stock Dec 2015 8K revisit;

Plus CEO bought 20M shares Dec 2015 @0.005 per share
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11064119

Item 1.01 Entry into a Material Definitive Agreement
Infrastructure Materials Corp. (the “Company”) announced on December 1, 2015 that its wholly owned subsidiary, Silver Reserve Corp. (“SRC”), entered into an option agreement (the “Option Agreement”) with Gold Resource Corporation (“Gold Resource”) (NYSE MKT: GORO) effective as of November 24, 2015, pursuant to which SRC granted Gold Resource an exclusive option (the “Option”) to purchase 100% of SRC’s interest in the Clay Peters Project (the “Project”).

Upon full execution of the Agreement, as consideration for the grant of the Option, Gold Resource is required to pay SRC cash consideration of approximately $121,000 and stock consideration consisting of the number of shares of Gold Resource Stock common stock that is equal to $200,000. The Option Agreement has a three year term, during which Gold Resource may exercise the Option for additional cash consideration of approximately $270,000 and additional stock consideration consisting of the number of shares of Gold Resource common stock that is equal to $1,000,000. In the event that Gold Resource elects to exercise the Option, SRC is entitled to a 2% net smelter return royalty upon gross proceeds realized from commercial production on the Project.

GORO started drilling in April 2016
GOLD RESOURCE CORPORATION COMMENCES DRILL CAMPAIGN AT GOLD
MESA, MINERAL COUNTY, NEVADA
https://www.goldresourcecorp.com/releases/GRC-2016-04-14-1.pdf

IFAM filed 15-12g filer on May 13
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11385271


I smelled a buyout offer coming soon from GORO