GMM general mining corporation limited

hi furniture looks like you got the touch .you did not ask by...

  1. 2,306 Posts.
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    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
 
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Currently unlisted public company.

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