what % does goldstone own in ghana?, page-2

Cherry Hill is Goldstone's JV partner in the Homase permit. GoldStone currently owns a 51% interest in the permit and may earn up to a maximum of 85% interest. Unity owns 33% of Goldstone.

GoldStone may increase the interest to 85% through:

* either expending a minimum of US$1 million on exploration work, or by conducting a pre-feasibility study over the permit area. On satisfaction of this provision, GoldStone's interest will increase to 65 per cent. Participation fees of US$30,000 are payable to Cherry Hill by GoldStone in relation to this phase; and

* the completion of a successful feasibility study over the area. In this event, GoldStone's interest will increase to 85 per cent. Participation fees of US$60,000 will be payable to Cherry Hill by GoldStone in relation to this phase.