Applied Minerals Inc (AMNL)

[MasterSalix]

It’s in the June 2nd 8-k:

Upon the closing of the Iron Sale Agreement and the Mill Sale Agreement (the “Asset Sale Agreements”) BMCO and BMI will pay AMI a total of $2,000,000, less a $100,000 deposit, and, in turn, AMI will (i) transfer to BMCO title to the rights of the iron oxide minerals that exist on the patented and unpatented mining claims of the Dragon Mine property, (ii) transfer to BMI the processing and related equipment needed to mill the iron oxide minerals (“Mill”), and (iii) issue to BMCO 20 million restricted shares of common stock under Rule 144. Upon the closing of the Asset Sale Agreements, the Mining Operating Agreement and the Milling Operating Agreement (the “Operating Agreements”) will become effective.