$189,915 or $204,460 due today also not sure why these do not match, Interest? both taken from the last finacials
On July 6, 2010, the Company entered into a Property Option Agreement (amended May 11, 2011) to acquire an option to purchase a 100% interest in the property known as the Zoro 1 property, a mineral property comprising 52 hectares (approximately 128.50 acres) in the Snow Lake region of Manitoba Canada. In order to exercise the option, the Company must pay cash or issue stock to the Optionor by the following dates:
i) $59,600 (Cdn$62,000) on signing the agreement (paid)
ii) $102,900 (Cdn$100,000) or issue 1,000,000 shares of common stock on or before June, 15, 2011. (1,000,000 shares issued with a fair value of $80,000)
iii) $204,460 (Cdn$200,000) or issue a specified number of common shares still to be determined by the parties on or before June, 15, 2012
iv) $408,920 (Cdn$400,000) or issue a specified number of common shares still to be determined by the
On July 6, 2010, we entered into an option agreement with Dalton Dupasquier, pursuant to which Mr. Dupasquier has granted to us the sole and exclusive right and option, exercisable in the manner described below, to acquire a 100% net undivided interest in the property known as the Zoro 1 mineral claim, located near the East Shore of Wekusko Lake in west-central Manitoba, Canada.
Amount of Payment Date Payment is Due
$59,600 July 6, 2010 (paid)
$94,958 June 15, 2011 (paid in 1,000,000 shares of common stock)
$189,915 June 15, 2012
$379,831 June 15, 2013
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