Value Microcaps Food, Agriculture and Soft Commodities

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KCL - Option

So far I found this:

Saskatchewan Potash
Pursuant to an Option Agreement dated May 15, 2006 with Invictus Minerals Corp.,
ISX Oil has agreed to acquire up to a 100% interest in the Saskatchewan Potash
Property (the “Property”) comprised of 97,239 acres located in Southern
Saskatchewan for the following consideration:
– staged cash payments totalling $3,000,000;
– incurring exploration expenditures totalling $2,500,000;
– issuance of $1,000,000 worth of common shares of the Company.
Subsequent to April 30, 2007, the terms of the Option Agreement were amended
(refer to Note 9).
During the year ended April 30, 2007, the Company paid $10,000 to acquire an option
to purchase a 2% gross overriding royalty on the Property for cash consideration
$200,000. Subsequent to April 30, 2007, the Company paid $100,000 against the
purchase price.