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11.5¢ calidus resources limited

Ann: DISPOSAL OF NON-CORE CONGLOMERATE GOLD RIGHTS FOR C$3.5M, page-4

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Cazzal1th

39 Posts.

28/08/18

17:15

Post #: 35242634
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Originally posted by Neyepudete22 ↑

Pacton Gold Inc. has entered into a binding letter of intent (LOI) to acquire the conglomerate gold rights from Calidus Resources Limited (CAI) over a portfolio of eight exploration licenses. Under the terms of the LOI, which will be formalized by a definitive agreement among the parties, Pacton Gold will pay a non-refundable payment of CDN$10,000 and issue to Calidus or its nominees 7,000,000 common shares. The LOI includes a right to deferred compensation whereby Calidus may receive up to 3,000,000 additional common shares of Pacton on the first anniversary of completion of the transaction based on the 30-day VWAP of Pacton's shares on the date of such issuance.

http://crweworld.com/article/news-p...rights-to-gold-bearing-conglomerate-portfolio

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Savvy directors - either it’s a sound investment in a gold stock, with gold prices set to rise, or a neat way to fund another year’s drilling in the Pilbara at no cost to shareholders. GLA

CAI Price at posting: 3.5¢ Sentiment: Buy Disclosure: Not Held
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