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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

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

AGORACOM Launches Graphite Stocks Blog

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nottooshabby

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Interesting...

posted on Aug 22, 08 05:15AM

Looks like SHAFI had some cash flow issues.....good move for Braintech to step in.

Prior to the completion of the purchase transaction, on June 5, 2008, the Company advanced $100,000 to Shafi to meet its working capital needs. This advance was secured by all of the assets of Shafi, and was memorialized at the Shafi Closing by a demand promissory note bearing an annual interest rate of 2.54%.

In order to finance the $100,000 advance, the Company’s Chief Executive Officer and former Chief Executive Officer each advanced to the Company $50,000 against delivery by the Company of promissory notes. The promissory notes provide for interest at 6% per annum and for repayment within 14 days of the Company receiving funding from a financing greater than $1,000,000 or after June 6, 2009, whichever comes first. The promissory notes also provide that upon completion of the Shafi acquisition, each of the promissory note holders will be issued 50,000 common share purchase warrants. Each common share purchase warrant entitles the holder to purchase one share for three years at a price of $0.36 per share.

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