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Message: Re: WTM = LSG already owns 55% of the Bristol Township-JV - sculpin

Phantomas, I beleive part of the option agreement with wtm was for them to complete a 43-101.

That´s NOT correct, sculpin.

Please read this paragraph from my previous post (MD&A Dec 2009):

Having vested at a 55% interest in Probe’s right to the Bristol property, Sydney may increase its interest to 70% by making an additional cash payment of $50,000 and issuing an additional 50,000 common shares within 60 days of vesting and delivering a 43-101 report on a resource developed within the bounds of the properties within two years of having vested.

Meaning that they have to deliver a 43-101 in two years (by June 2012) in order to increase their interest from 55% to 70% !

FANTOMAS

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