This excerpt from the most recent Marum MD&A (Oct 28, 08)

Poundmaker
The Poundmaker property consists of 72 claims covering approximately 12,176 hectares adjacent and to the east of the Company’s Goldridge properties. In February 2008, the Company signed an option agreement (the “Poundmaker Option Agreement”) to earn up to a 100% interest in a portion of Wildcat Exploration Ltd.’s (“Wildcat”) Poundmaker property for consideration comprised of cash plus common shares of the Company payable as follows:
- $25,000 cash paid upon execution of the Poundmaker Option Agreement and 500,000 common shares of the Company issued on February 25, 2008 upon receipt of approval of the transaction by the TSX Venture Exchange and valued at $95,000 based on the trading price of the Company’s shares on the date of issue;
- $50,000 cash paid in June 2008; and
- at Wildcat’s option, $100,000 cash or $50,000 cash plus up to 2 million common shares of the Company having an market value at the time of issuance of $100,000, for each year of the five year term of the Poundmaker Option Agreement.

In addition, the Company has agreed to incur exploration expenditures of $5 million during the term of the Poundmaker Option Agreement, of which approximately $82,015 has been incurred at September 30, 2008. After the Company has incurred $4 million of exploration expenditures, Wildcat has the option to retain up to a 35% participating interest or to hold a 2% net smelter royalty in the Property