Welcome To The Solomon Resources Ltd HUB On AGORACOM

A Canadian company focused on the acquisition, exploration and development of quality mineral properties world wide.

Hub Home

> Log In

Demo Video
Private Messages
Edit My Profile
View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

Sonomax® eers™ Custom Earbuds Announces Sponsorship of MUTEK 2012

Mutek provides an essential platform for 150 performers to showcase forward-thinking electronic music programming and new media to more than 25,000 attendees
Read Full Press Release; Read Why Sonomax?
Jump Into Active Discussion Forum
*Sponsor*

CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: Solomon Resources acquisition agreement for Avasca

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

emile33

Rank: [?]

Vice President

Points: [?]

813

Rating: [?]

Votes: 14 Score: 3.4

Currently 3.4/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Solomon Resources acquisition agreement for Avasca

posted on Jul 29, 09 05:19PM

Solomon Resources acquisition agreement for Avasca

2009-07-29 16:27 ET - Acquisition

The TSX Venture Exchange has accepted for expedited filing documentation of a purchase agreement dated June 16, 2009, between the issuer and Avasca Inc. (a private company, S. Ridgway, R. Rushton, D. Cass and T. James) whereby the issuer may acquire a 100-per-cent interest in the issued and outstanding shares of the vendor. The vendor's only material asset is an option to acquire a 51-per-cent interest in the Cry Lake (formerly the Nizi Creek property) property located in British Columbia.

The consideration payable to the vendor is $154,000 cash and the issuance of 400,000 units of the issuer (each unit comprises one common share and one share purchase warrant, each warrant exercisable into one common share of the company at 30 cents for a period of one year). In addition, the issuer must incur work expenditures on the property in the amount of an aggregate $2-million by Dec. 31, 2011

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »