Sage Gold Will Use DIAGNOS' CARDS Artificial Intelligence Technology for its Properties in Ontario Tuesday February 19, 2008
The outline of the agreement is as follows:
- Service fee: $125,000 CDN in cash;
- Plus $90,000 CDN worth of shares;
- Sage Gold will have the exclusive right to acquire or joint-venture properties based on DIAGNOS targets for a period of two years. After that period, DIAGNOS will be able to claim non-staked lots;
- An NSR of 2% on any discovery on new targets staked by Sage and identified by DIAGNOS report will be granted to DIAGNOS. 1% NSR can be bought back at any time for $1,000,000 CDN. --------------------------------------------------------
DIAGNOS Announces the Sale of Two Base Metals Properties in Chibougamau to MDN Inc.
Wednesday February 27, 11:52 am ET
BROSSARD, QUEBEC--(Marketwire - Feb. 27, 2008) - DIAGNOS inc. , is pleased to announce the acquisition of the West Barlow and the East Barlow properties in Chibougamau by MDN Inc.
MDN Inc. has exercised its option to acquire a 100% undivided interest in the properties, subject to a 2% Net Smelter Return (NSR) royalty payable to DIAGNOS, by making a cash payment of $120,000.
Additionally, in the event of making an economic discovery on these properties, MDN Inc. shall be obligated to pay a bonus of $250,000 in shares. Also a 2% NSR will be granted to DIAGNOS. MDN Inc. will have the option to acquire 1% of this NSR for $1,000,000 any time within five years of the economic discovery.