This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Great Quest Metals, Avion Gold property agreement 2009-11-09 17:49 ET - Property Agreement The TSX Venture Exchange has accepted for filing an acquisition agreement, dated Oct. 30, 2009, between Great Quest Metals Ltd. and a wholly owned subsidiary of Avion Gold Corp., pursuant to which Avion will acquire 75 per cent of the company's interest in three mineral concessions located adjacent to the south and west sides of the Tabakoto property, located in the Djambaye gold zone, Mali, Africa.
The total compensation payable by Avion to the company over a five-year period is $2.36-million, as follows: - $400,000 cash on signing of the agreement;
- $188,000 cash on the first anniversary;
- $232,000 cash on the second anniversary;
- $325,000 cash on the third anniversary;
- $465,000 cash on the fourth anniversary;
- $750,000 cash on the fifth anniversary.
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