Tuesday, January 08, 2013 4:44:29 PM
Letter of Intent Regarding the Ocampo Property
On September 29, 2011, we entered into a letter of intent with Antonio Aguirre Rascon, a resident of Mexico, to acquire a 70% interest in mining concessions covering approximately 570 hectares located in the municipality of Ocampo in the state of Chihuahua, Mexico (the “Ocampo Property”). The letter of intent was intended to serve as the basis for a definitive agreement to be negotiated between the parties. If the definitive agreement was not executed within 90 days of the date of the letter of intent, the letter of intent would expire unless extended by mutual agreement of the parties. The letter of intent expired as of December 29, 2011.
If this is accurate, LSTG does not appear to be pursuing the Ocampo Project at present.
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