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Agent Cooper

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06/01/16

14:40

Post #: 16740348
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Originally posted by RDL ↑

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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Thanks RDL.

Greenie - I think that if one was to "stake a few claims" across a number of these (still) small graphite players, one can hopefully do "okay". ADV Mkt Cap is still very small and an a modest exposure is probably sensible for those people looking to play this sector (i.e: MNS/MOZ are in Africa, ADV is in Canada so geographical diversity isn't a bad thing).

Good luck to the holders.

ADV Price at posting: 2.1¢ Sentiment: Hold Disclosure: Not Held
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Last 13.5¢		Change -0.005(3.57%)		Mkt cap ! $8.127M

Open	High	Low	Value	Volume
13.0¢	13.5¢	13.0¢	$3.596K	27.64K

Buyers (Bids)

No.	Vol.	Price($)
3	55449	13.0¢

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Price($)	Vol.	No.
13.5¢	1596	1

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No.	Vol.	Price($)
3	55449	0.130
3	165649	0.125
8	199839	0.120
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3	37270	0.110

Price($)	Vol.	No.
0.135	1596	1
0.140	191114	2
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0.150	121038	4
0.155	60527	2

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