Check reality, page-42

Not entirely correct cooper.

of the $1m CAD only $575k will be paid by way of ADV shares at the 20 day VWAP prior to ann.
remainder is cash, and at a nice steady pace to avoid unnecessary dilution. See below, points 2 and 4 only are for scrip.

Deal Terms
Key deal terms for the option agreement (in CAD*) to acquire 100% of the Seymour Lake Project include:
1. An exclusivity/holding deposit of C$75,000 to be paid on signing of the agreement (which amount has been paid) to commence a 150-day option and due diligence period;
2. C$75,000 plus C$250,000 in ADV equity (at the 20-day VWAP prior to this announcement) to be paid at the end of a 150-day due diligence period to keep option on foot;
3. Following the due diligence period if Ardiden wishes to continue the option, the vendor will be paid in quarterly instalments of C$25,000 per quarter to a total of a further C$350,000;
4. A further C$250,000 of Ardiden shares (at the 20 day VWAP prior to this announcement) will be issued at the completion of the option agreement (or no later than 24 months from execution of option) for a total compensation of C$1,000,000 to finalise the transfer of 100% of Seymour Lake;
5. Ardiden reserves both the right to accelerate all payments or withdraw from the option agreement at any time. The vendor will retain 100% of the Seymour Lake rights should Ardiden fail to complete any requirements of the option agreement; and
6. The property has an existing 3% net smelter royalty (NSR) held by an independent third party. The vendor maintains the option to purchase or buy back from the third party a 1.5% NSR for payment of C$1,000,000.
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