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Article: New Wave signs exclusive agreement to explore gold on Nicaraguan property.
- Article from:
- PR Newswire
- Article date:
- January 4, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, Jan. 4 /PRNewswire-FirstCall/ -- New Wave Media Inc. has signed an exclusive Mineral Exploration Rights Agreement ("Agreement") with the current owners of a Nicaraguan property for an initial period of one year, effective December 15th, 2007.
At the end of this Agreement, New Wave will either purchase the property outright for consideration of $250,000 or enter into a Joint Venture Ownership Agreement with the owners to fully exploit the potential of the property. New Wave will retain 70% ownership if this joint venture is entered into at that time.
New Wave has provided the owners a $20,000 US deposit and is committed to spend a minimum of ...
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