there is a hungry world out there, page-4

hi furniture

looks like you got the touch .

you did not ask by any chance, when the date to 30% after spending 1mill. is .

I am getting conflicting dates.

this GXY ANN states 3 years .
> About GMM
GMM is an Australian registered Company with projects in Western Australia and Mongolia. GMM recently entered into an agreement to acquire 50% of Galaxy?s Shoemaker Project with a joint venture agreement to increase their interest to 80% by spending $1m within 3 years. GMM has established a subsidiary in Mongolia that holds a number of licences covering over 3800km2 including the Uvs Basin project which is prospective for solid potash and other evaporite deposits including lithium and potassium brines and soda ash. <
http://www.galaxyresources.com.au/documents/GXY-GXYVenturesintoCentralAsiawithLithiumAlliance27_10_09.pdf

this is from my post 2 days ago

 GMC to buy 50% of the project for A$1.1 million
 GMC to earn a further 30% by expenditure of $1 million on the
Shoemaker project within 2 years of the date of
completion


and this is from GMM web site .

>GMM is acquiring a 50% interest in the project from Galaxy Resources Ltd. GMM can earn a further 30% through expenditure of $1,000,000 within 2 years. The Agreement is conditional upon GMM completing a capital raising of at least $3,000,000 or a successful listing on the Australian Securities Exchange. <

confused

JDR

duke