Erocks post..."Vale never announced the KATX deal with it's shareholders and this was simply the KATX announcement that we made that was posted on this reuters page, and it was posted in June on the day we released it not 5 hours ago">>>>>>>>>>>>>It was released today as posted,only now it is under "Vale key developements",intended for Vale shareholders,or any investor who follows Vales announcements,so it is"new",but only for the followers of Vale,that is what Russian was trying to point out.... Key Developments:
Vale S.A. (VALE.K)Stocks | Basic Materials | SteelOverviewNewsKey DevelopmentsPeopleChartsFinancialsOptionsAnalystsResearchVALE.K on New York Consolidated
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Monday, 14 Jun 2010 08:27pm EDT
KAT Exploration, Inc. announced that it has signed an option agreement with Vale Exploration Canada Inc. (VEC), a wholly-owned subsidiary of Vale (VALE), on its North and South Lucky copper properties on the Bonavista peninsula in eastern Newfoundland. Under the terms of the agreement, VEC has committed to an initial CAD20,000 cash payment on signing and may elect to make further cash payments totaling CAD75,000 over the three-year option period, and may elect to incur a minimum of CAD750,000 in exploration expenditures within the option period to earn an 80% interest in the Lucky properties. Upon VEC's exercise of the option, a joint venture will be formed to further develop the properties, with each party contributing to further approved exploration programs as per their interest. VEC will be the operator of the exploration programs during the option period. -
