Indo Global Exchanges Pte Ltd (IGEX)

[All-Bidness]

It was a no money up front transaction, just like what they are doing here. We are providing an asset for a company. No money is being exchanged, so therefore if it worked before, why wouldn't it work again?

The terms of the Green Swan deal are;

Shining Tree will receive a 10-year Net Smelter Returns Royalty, at 3% for the first 200,000 ounces of gold and 2% thereafter. During the term of the Net Smelter Returns Royalty, if Green Swan files a NI43-101 compliance resource estimate of at least one million ounces of gold grading at least 2 grams of gold per tonne, Green Swan will at that time make a one-time payment of USD$250,000 to Shining Tree