Firma Holdings Corp. (FRMA)

[Sam Dan]

On reading the FRMA news today,I believe I am right
in my interpretation of this paragraph" :In addition, GracePoint has entered in to a binding agreement with MX Gold Corp. to acquire a 50-per-cent interest in the Durango smelter project. The agreement calls for scheduled payments totalling $1,525,000; and, upon the project achieving a cumulative net operating cash flow of $10-million, a benchmark bonus payment of $2.5-million.

MXL is paying Gracepoint $1,525,000 as a first payment for 50% of the durango smelter that Gracepont has acquired. Once a NET operating cash flow of $10 million dollar sis achieved MXLwill pay an additional $2.5 million to Gracepoint for their 50% interest-I believe that is US dollar amounts.
This is a very promising move by FRMA management and MXL managemnet has shown their confidence in joining forces with FRMA.

Read more at http://www.stockhouse.com/companies/bullboard/frma/firma-holdings-corp?postid=25828432#e4QVmF2lPPofgOz1.99