ALMADEN MINERALS LTD (TSXV:AMM): announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

22 Nov 2011joint venture update▲ Good

Granted Westhaven Ventures an option over up to 60% of the Willow property in Douglas County, Nevada, for a $300,000 cash payment, $10 million of exploration spending and 4 million Westhaven shares. A textbook prospect-generator deal: someone else pays to drill, Almaden keeps the upside and the shares.

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