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[posting]51523683[/posting]Hoidas Lake gehört ja zu 100% GWG. Star Minerals hat das Recht 25% zu erwerben wenn sie bis Jän. 2016 eine PFS vorlegen und weitere 26% wenn sie 4 Jahre später eine FSB vorlegen. Interessant daß die in dieser News so tun als könnten sie 60% haben. STAR MINERALS GROUP LTD. ENTERS INTO JOINT VENTURE AGREEMENT TO EARN A 60% INTEREST IN THE HOIDAS LAKE PROJECT AND ANNOUNCES CHANGES IN MANAGEMENT Saskatoon, Saskatchewan – January 12, 2015 – Star Minerals Group Ltd. (“Star” or the “Company”) (CSE: SUV) is pleased to announce the signing of a Joint Venture Agreement (the “Agreement”) between Star (the “Optionee”) and a Canadian private company (the “Optionor”), to acquire a controlling interest of 60% ownership of the Hoidas Lake advanced rare earth project in northwestern Saskatchewan. This Venture will commence January 6th 2016 and continue in full force and effect (the “Term”) until the occurrence of the following events: • Payment of $75,000, made up of $25,000 cash and 5,000,000 shares of Star Minerals Group Ltd. by July 31st, 2016 to the Optionor. Failure to make such payment on or before July 31st, 2016 will result in 100% ownership reverting to the Optionor. Upon payment of the said amount by Star they will own an undivided interest of 60% in the Venture and the Optionor will retain 40%. • Once the prefeasibility study has been completed (at Star’s sole expense) and the Bankable Feasibility study has been provided (at Star’s sole expense) all costs moving forward will be shared by each member’s ownership prorata. Failure to participate will result in that member being diluted down by 10% for every $500,000 being spent on their behalf until they are diluted down to 10%, which is where they will remain. In addition, the Company is pleased to announce the addition of Scott Newman and James Rogers to the management team. Mr. Newman will join the Company’s management team as Vice-President and Mr. Rogers will join the Company’s management team as Chief Operating Officer. Mr. Newman is the president and founding partner of Axiom Exploration, a private oil and gas consulting firm based in Saskatoon. His 8 years of technical and management experience both in hard rock and soft rock brings a strong operational background to the team. Mr. Rogers has been directly involved in the resource exploration industry since 2007, bringing extensive corporate management and technical experience to the team. He has worked both in a management and technical capacity with private and public companies throughout North and South America, and equatorial Africa. Mr. Rogers is also the President and founder of Longford Exploration, a private hard-rock geological consulting company based in Vancouver, BC. Michael Burns, President and CEO, says “This Agreement represents a significant step towards obtaining a controlling ownership of the Hoidas Lake project, which remained a key goal of the company set by both the previous and current management. The addition of Mr. Newman and Mr. Rogers represents exciting change for the Company as they bring in new energy to Star’s projects and team.” The Company applied for and has been granted relief from the CSE’s minimum price rule for issuance of shares in a share for debt restructuring enabling the Company to clean up the balance sheet. |
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| aus der Diskussion: | GWG Megatrend Rare Earth - Seltene Erden |
| Autor (Datum des Eintrages): | 4now (19.01.16 00:25:54) |
| Beitrag: | 10,210 von 10,226 (ID:51523827) |
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