Timmins & Beardmore - Northern Ontario

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Message: Re: Kerrs...
3
Apr 20, 2009 04:58AM
1
Apr 20, 2009 06:00AM

http://www.sagegoldinc.com/site/News...

OAK-v has 55% stake in Kerrs (assuming meet option requirements as per NR above). BUT... an interesting part of the agreement... "SAGE will have a “Back-in Option” which will allow Sage to maintain operating and ownership control of the Kerrs property."... Not sure what the details of this are but I assume it means that somehow SGX-v can earn back some of Kerrs project to some amount more than 50% once again. Don't think they released any more details on 'back-in option' than this.

red911

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