Tisdale Clean Energy to Add South Falcon East Property to Saskatchewan Uranium Portfolio

Pursuant to the Option Agreement, the Company can acquire a seventy-five percent interest in the Property, in two phases. Initially, the Company can acquire a fifty-one percent interest in the Property by completing the following payments and incurring the following exploration expenditures on the Property:

Payments on closing, paying $350,000 and issuing 1,111,111 common shares to the Vendor;

by the eighteen-month anniversary of closing, paying $1,450,000, of which up to $1,000,000 may be paid in common shares, based on the 20-day volume-weighted average closing price calculated on the day of issuance (VWAP”), at the election of the Company;

by the second anniversary of closing, paying $1,800,000, of which up to $1,000,000 may be paid in common shares, based on the VWAP, at the election of the Company; and by the third anniversary of closing, paying $2,500,000, of which up to $1,500,000 may be paid in common shares, […]

Click here to view original web page at www.thenewswire.com

About the author: StockMan

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.