Ann: Corporate update, page-22

In regards to the legal appeal being made by VAN against ZAG it is in relation to the fact that ZAG was awarded a 4.1% interest in the K2 mine.

If, at some future point of time, Vango decides to develop the K2 mine, Zuleika will be required to contribute 4.1% of those costs as well as contribute 4.1% of yearly holding costs of the tenement.

Hopefully VAN's new appeal will reduce this percentage down to 0% as it has already been dropped from 11.87% to a 4.1% interest in the K2 MINE.

One might feel that If ZAG had been actually serious about having a professional JV with VAN then they would have continued to commit proper funds to it rather than just walking away? (Please correct me if I am wrong).

or

If the courts continue to feel that ZAG do actually have a legal claim to a % of K2 then perhaps VAN could simply pay a $ amount to ZAG based on their previous minimal JV exploration costs?

Either way it shouldn't really be a deal breaker IMHO as long as costs are kept fair and minimal...

GLTAH+DYOR