3 Feb 2010farm in farm out agreement● NeutralMajor
The company (then Amazon Goldsands) and Temasek amended the Peru option deal a second time on February 3, 2010. The $750,000 still owed for the second 25% option (taking it to 50%) is now due by March 5, 2010, instead of the earlier September 18, 2009 date. The third 25% option terms were also reset: 5,000,000 shares and $250,000 by March 5, 2010, plus $1,000,000 by March 18, 2010. This continues the Peru option thread and shows the earlier September 2009 deadline was not met as originally written (inference from the new deadline).