CVI cvi energy corporation limited

angola., page-73

  1. =V=
    2,387 Posts.
    lightbulb Created with Sketch. 48
    It appears they also received some shares as well as the cash

    "a) 4,250,000 shares in the Company were issued at par and US$100,000 was paid to E A B Booyse and F R Booyse for the claims, being a 40% interest in the Alluvial prospecting contract and a 39% interest in the kimberlite prospecting
    contract relating to the Luangue Concession in Angola, and 100% of the issued share capital in Frannor Investments and Financing (Pty) Limited.


    b) The Company has entered into a consultancy services agreement with effect from 1 March 2005 with Amari Management Services (Pty) Ltd ('Amari'), a company in which two non-executive directors of the company are beneficial owners. Under this agreement, Amari had agreed to provide the following services at a monthly fee based on usage, these services being terminable on six
    months written notice:


 
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Currently unlisted public company.

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