Monday, January 30, 2017 9:48:44 AM
Bullfrog's lease and option with Barrick was signed on March 23, 2015 and includes 6 patents (two of
which cover the southwest half of the M-S pit); 20 unpatented claims that cover the northern one-third of
the main Bullfrog deposit and 8 nearby mill site claims. Bullfrog also has access to Barrick's substantial
data base and the agreement includes all Barrick's water rights appurtenant to the property. To maintain
the lease and option, Bullfrog must spend $1.5 million within five years on the Barrick properties and then
pay Barrick 3.25 million shares of Bullfrog stock while providing a 2% gross royalty on production from
the Barrick properties.
Overriding royalties of 5% gross proceeds are limited to three claims and two patents in the main Bullfrog
pit area. Barrick has retained a back-in right to reacquire a 51% interest in the Barrick properties, subject
to definition of a mineral resource on the Barrick properties meeting certain criteria, and reimbursing
Bullfrog in an amount equal to two and one half times Bullfrog's expenditures on the Barrick properties.
Recent AUGG News
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 09/12/2024 06:28:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 12:00:09 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/05/2024 08:51:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 08:23:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 12:10:15 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/12/2024 08:13:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:07:04 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 05/10/2024 08:30:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 09:10:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 11:42:15 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 12/20/2023 09:39:49 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/15/2023 09:24:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/14/2023 07:47:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/12/2023 08:40:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/15/2023 08:09:37 PM
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