AREA OF COMMON INTEREST. During the term of the Agreement, the Parties agree to the establishment of an area of common interest, which covers all land within 10 km from the central point of the Property located at Latitude / Longitude coordinates 47°25' 15" N and 75°16'45" W. During the term of the Agreement, the Parties agree not to acquire, directly or indirectly, mining permits in the said area of common interest without giving a right of first refusal to such eventual acquisition to the other Party.
Appears in 2 contracts
Sources: Property Option Agreement, Property Option Agreement (Niogold Mining Corp.)