Triton wird dann auch erstmal das Investment in Höhe von 3,2 Mio. $ decken bevor jemand etwas daran verdient. Ein Gewinnanteil von 50 % schaut bei den Aussichten auch gut aus! Jetzt fehlt nur noch der Mining-Bericht :D
Item 7 Other information.
1. Entry into a Material Definitive Agreement
On February 25, 2011 the Company entered into a Joint Venture Agreement with GEO Green Earth Operations, Inc., a Nevada company, with the goal of developing, advance to feasibility, and ultimately mining gold and silver projects owned or controlled by the Joint Venture partnership, Green Earth Partners, LLC. Pursuant to that goal, the venture is to identify, acquire, explore, and advance future gold and silver claims throughout Nevada.
Under the terms of the Joint Venture, the Company shall typically receive Fifty Percent (50%) of all gold and silver net smelter returns. GEO shall typically receive the other fitly percent (50%). As an inducement for the Company to invest $3,200,000, the first year into joint venture projects, GEO has agreed to forgo its gold and silver royalty net smelter return until such time as the Company has recovered its first year investment up to the $3,200,000. Upon the joint venture signing the lease, the Company, shall receive Fifty Percent (50%) of the net smelter gold and silver and GEO shall receive the other fifty percent (50%) collectively, thirty percent (30%) as joint venture partner and twenty percent (20%) as lessor. Both are subject to this provision until Triton has recovered its initial investment up to the $3,200,000.
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