7 Jan 2008farm in farm out agreement● Neutral
The company paid $10,000 for an option to buy royalties and net profit interests on the Gold King and Mayflower Mines in San Juan County, Colorado, from Recreation Properties, Ltd. for a one-time $250,000 payment. The option expires November 21, 2008. The mines are among the San Juan properties the company can earn up to 80% of, so buying the royalties would remove payments owed to others on them.