Earned Interest. Upon the required cash and stock payments and the completion of the first year exploration program in the amount of $1,500,000, the Optionee shall earn an irrevocable twenty-five percent (25%) interest in and to the Property.
Appears in 1 contract
Sources: Mining Option Agreement (Coastal Pacific Mining Corp)
Earned Interest. Upon the required cash and stock payments and the completion of the first year exploration program as defined in 3.4(a)(i) above, in the amount of $1,500,0002,000,000, the Optionee shall earn an irrevocable twenty-five percent (25%) interest in and to the Property.
Appears in 1 contract
Earned Interest. Upon the required cash and stock payments and the completion of the first year exploration program in and paid cash consideration totaling the amount of $1,500,000, the Optionee shall earn an irrevocable twenty-five percent (25%) interest in and to the Property.
Appears in 1 contract
Sources: Mining Option Agreement (Coastal Pacific Mining Corp)