We are probably witnessing the first steps of a new way to do business in Northern Canada. Added to KWG's CCC offer to FN Chiefs to join the Board, and to Noront's constant implication with native communities, the appointment of a FN representative, and of a RoF Co-Ordinator... Correct me if I'm wrong, but this BMK MoU is unique in the way it goes such deeply and early with native people implication to future explroation...
" In consideration of the above, MacDonald Mines has agreed to the following community benefits:
- issue securities in the form of shares and warrants to KLFN which is subject to regulatory approval
- one time lump sum payment
- ongoing payments equal to a percentage of exploration expenditures
- potential business relationship on mineral properties of Kasabonika Minerals Corporation."
It may give a preview to how things will be done in the future... The Big Boys will ceratainly take good note of this precedent... Note also that Hudbay is probably aware of what has been negociated here...
GLTA.
BaBe.
