On 23rd April 2007 Norton Gold farmed out its Barambah Project to ActivEx (AIV). Under the farmout agreement AIV earned a 50% interest in the Barambah Gold Project by spending $250,000 on exploration activities on the permit during the following two years with the right to increase its interest to 75% by spending an additional $350,000 during the following three years. Source ASX announcement dated 23/4/2007.
As far as I can recall that is the extent of NGF's involvement with AIV, so it's a "long bow" for hainzholz (ever the optimist) to suggest that NGF is involved in any way with AIV's capital raising.
I've been thinking long and hard over recent weeks whether to convert the free options that I've held since NGF was floated ( in 2005 I think). I eventually bit the bullet and converted about a week ago so it's been pleasing to see a green close today.
Regards,
Goggo
NGF Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held
