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Wednesday, January 05, 2011 7:37:00 AM
The Company will be committed to an initial exploration work budget of a minimum of $300,000 to commence no later than May 16, 2011. In addition, the Company will commit to a minimum initial exploration work budget of $300,000 to commence no later than May 16, 2011. The Company is required to raise a minimum of $550,000 within 6 months as defined in the agreement with the selling group of the Abigail property.
This is why they hired "Peritus". We are looking good people.
The Agreement has an initial term of six months pursuant to which Peritus will implement a comprehensive investor awareness program for Oteegee including fostering broker and analyst interest in the Company's activities. As compensation for its services, Peritus will receive an initial retainer fee of $7,000, $3000 per month for 6 months, and reimbursement for related expenses. The Company also has the option of paying for such services in restricted shares of the Company's capital stock.
The Company’s acquisition of the Abigail Lithium project allows us to experience and prosper from the booming mining sector. Furthermore,we are fortunate to be situated beside Nemaska Exploration’s Whabouchi project. The Abigail Property is located 1.5 km west of Nemaska Exploration’s Whabouchi lithium project. The Whabouchi property has confirmed high grade spodumene concentrate, and has been ranked 1 stin Canada and 3 rd in the world amongst hard rock pegmatite projects being developed by researcher signumBOX
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