Just looking at Prodigy Golds proposed sale of its Old Pirate...

Just looking at Prodigy Golds proposed sale of its Old Pirate Project and Tanami Exploration Tenements. Big difference between this and our Tolukuma deal. I especially like the royalties.

Consideration payable by Stockton:
• Non-refundable deposit of $50,000 within 5 business days of execution of the Agreement
• Non-refundable payment of $50,000 within 5 business days of the Company obtaining shareholder approval of the asset sale pursuant to Rule 11.4 of the ASX Listing Rules
• Payment of $750,000 into an escrow account on the later to occur of 90 days after the execution of the Agreement and 5 business days after the Company obtaining shareholder approval of the asset sale pursuant to Rule 11.4 of the ASX Listing Rules
• Payment of $863,000 from IPO proceeds or consideration shares to the extent that such payment is not approved by ASX
• 12,500,000 consideration shares at IPO with a deemed issue price of $0.20
• A net smelter royalty of 2.5% payable on any minerals recovered from the Old Pirate Project (ML29822)
• Subject to the delineation of a JORC compliant Mineral Resource of 500,000 ounces of gold on tenement applications EL30944 and EL30814 either $3,000,000 in cash or shares. The issue of the shares is subject to regulatory approvals and Prodigy Gold’s equity remaining below 19.9%.
There is no time limitation in respect of such delineation

I wouldnt mind this deal.

GD