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Monday, 06/06/2011 8:45:03 PM

Monday, June 06, 2011 8:45:03 PM

Post# of 29968
Can anyone access the rest of this news release at Stockwatch?
www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMWR-1849176&symbol=MWR®ion=C

Mountain-West signs Lopehandia option agreement

2011-06-06 20:24 ET - News Release


This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Brent Johnson reports

OPTION AGREEMENT MINA PASCUA PROPERTY, CHILE

Further to the news release dated April 15, 2011, Mountain-West Resources Inc. has now entered into a written option agreement with Jorge Lopehandia and into a related historical disclosure agreement.

Pursuant to the Option Agreement, Mountain-West has acquired the right to purchase an option.

The price of purchasing the Option is 2,000 troy ounces of gold. The purchase price is payable as follows:

(a) US925,589.88, which amount Lopehandia has acknowledged receiving; (b) A further $1,000,000 within 10 days of Exchange Approval; and (c) The balance of the purchase price within 15 days of Exchange Approval which amongst other things, is to confirm the registration of the Option Agreement against the mining claims (using a price of gold of US$1,500 per troy ounce and an exchange ratio of $1.00 CDN equals $1.00 US, the balance would be $1,074,410.12).

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