Infrastructure Materials Corp. (IFAM)

[funnyG986]

IFAM still on my top list. 0.008 x 0.01. NYSE company linked +potential buyout offer.

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.