The Project Acquisition Agreements provide that the mining claims are transferred to the buyer's names (in this case Bouse Gold Inc. and South Copperstone Inc.) when the buyers have reached a decision to open the mines and obtained the funding to do so. This is standard industry practice and a majority of our agreements over the years have been written this way. While there are a number of benefits to the buyer, the principal reasons are protection of the buyer from both tort and tax liability.
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