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agreement with drilling contractor

  1. 168 Posts.
    ADS has entered into an agreement with the drilling contractor SaudiCanadian Mining Co, to pay 50% of invoice amount in shares [at prices current at time of invoice ] thus cutting their largest expenditure in half.
    The agreement ends in Jan '08, or until 10,000 metres is drilled.
    Reads good to me, any thoughts?
 
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