Work Commitment. Optionee shall expend US$1,500,000 Exploration Expenditures as defined in Paragraph 1.2.1 below on or before August 31, 2012 (the “Deadline”). If Optionee has not expended this amount by the Deadline, a payment for the amount not expended may be made to the Optionor in lieu thereof.
Appears in 3 contracts
Sources: Exploration Permit With Option to Purchase (Gold Standard Ventures Corp.), Exploration Permit With Option to Purchase (Gold Standard Ventures Corp.), Exploration Permit With Option to Purchase (Aurelio Resource Corp)