Re: Wildcat News on Poundmaker and Mike Power
in response to
by
The former Wildcat Exploration Ltd HUB On AGORACOM
The company is now known as FUSE Cobalt.
Message: Wildcat News on Poundmaker and Mike Power
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I particularily like that John has taken the time to write his own news release instead of having SKP write it for WEL.... correcting the text in the wel news releases which states:
"StrikePoint may earn a 65% interest in the Poundmaker property (see News Release February 26, 2010)."
This has been of particular frustration for me and stating this correctly is very important for the new investor..... easily misslead in the SKP version, which has frequently stated:
Feb 26th
"Strikepoint may earn up to a 100-per-cent interest in the Poundmaker property under the agreement. After $4-million has been spent by Strikepoint on exploration work, Wildcat may elect to retain up to a 35-per-cent participating interest in the property. (See Strikepoint and Wildcat news releases in Stockwatch dated Feb. 4, 2008.) "
And from the SKP MD7A
For the year ended December 31, 2009
Page 4 of 17
In February 2008, the Company signed a five year option agreement (the “Poundmaker Agreement”) to earn
up to a 100% interest in a portion of Wildcat Exploration Ltd.’s (“Wildcat”) Poundmaker property. The
Poundmaker Agreement was amended on March 1, 2009 and extended for an additional year to March
2014. The Poundmaker Agreement may be terminated by the Company at any time, without penalty.
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