Email Updates

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: NEWS - Journey of Light, Inc. Signs Contract With J&P

Reply New Message

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

Muscy

Rank: [?]

Treasurer

Points: [?]

370

Rating: [?]

Votes: 7 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.

Re: NEWS - Journey of Light, Inc. Signs Contract With J&P

in response to NEWS - Journey of Light, Inc. Signs Contract With J&P by AGORACOM-CAML

posted on Jan 04, 07 06:39AM

J&P being a significant investor in the Project Company (a minimum of 15 million U.S. Dollars); J&P receiving a minority equity stake in the Project Company, and J&P being the general contractor for the Omagine Project with JOL sharing in the profits of such construction project. The value of the construction contract that the Project Company is obligated to award to J&P is directly proportional to the amount of J&P's investment in the Project Company. If J&P invests 100% of the required Project Company equity they will get 100% of the construction contract; if they choose to invest less than 100% of the required Project Company equity, then JOL and the Project Company, at their sole discretion, may accept or reject such proposed investment.
W#ith a minimum investment of 15 million and probably more all that is needed is the signed development agereement.

Reply New Message

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