Benoit Ribadeau-Dumas, Senior Executive Vice President, Acquisition, CGG, said: "CGG was selected for this second Falcon AGG
survey based on the success of the Ungani survey, the close working relationship that developed between Buru and CGG geoscientists during their joint interpretation of the AGG
data and CGG s proven high-quality, efficient and safe data acquisition performance.
John Armelagos, one of the owners of AGG
prior to the sale to Praxair, said, "Praxair is a perfect fit for our company and our two organizations complement each other.
Asuragen has developed improved molecular technology which allows high resolution analysis of AGG
will pay a finder's fee of 5% of the gross proceeds from the common shares subscribed for under the offering, and issue finder's warrants to acquire 10% of the common shares issued.
As a result of the increase in gold values from these selected samples AGG
has requested all samples returning greater than 1 g/t Au that have not yet been subjected to metallic fire assay, be tested utilizing this process.
helps growing enterprises turn legal challenges into business opportunities with guidance on mergers and acquisitions, capital markets, financing, joint ventures, litigation, and other legal services.
Furthermore, under the terms of the Agreement, AGG
has elected to earn an additional 34% direct interest (for a total interest of up to 85%) by expending an additional US $1,000,000 on the Mankranho License.
Adoo's decision to join AGG
Ghana is a strong endorsement of the quality of the people and exploration properties held within the organization.
In addition to the options that have been issued to the Consultant, an insider of AGG
has agreed to sell 300,000 shares (the "Escrowed Shares") to the Consultant which are subject to a TSX Venture Exchange (the "Exchange") imposed escrow.
To date, AGG
has completed 3,006 metres of diamond drilling, 151 km.
Based on the independent valuation, the Earn-In Agreement provides AGG
with the right to earn a 51% interest in the Mankranho License by spending US$1,253,000, and further allows AGG
to earn up to an additional 34%, to total an aggregate of an 85% earned interest, upon spending an additional US$1,000,000 on the Mankranho property.
Under the Terms of the Earn-In Agreement and based on the independent valuation, the Earn-In Agreement provides AGG
with the right to earn a 51% interest in the Mankranho License by spending US$1,253,000 and further allows for the right to earn up to an additional 34%, to total an aggregate of an 85% earned interest, upon spending an additional US$1,000,000 on the property comprising the Mankranho License.