Almaden Minerals AAU is pleased to announce that, subject to regulatory approval, it has agreed to terms with G4G Resources whereby G4G can acquire a 70% interest in Almaden's 100% owned Yago gold-silver project located in Nayarit State Mexico. To earn a 60% interest in the property, G4G is required to:
-- Pay CAD $50,000 to Almaden immediately upon the execution of the option
agreement;
-- Issue 500,000 common shares of G4G to Almaden immediately upon the
execution of the option agreement;
-- Complete an aggregate of US$6,000,000 in exploration expenditures on the
property over a five year period (of which US$500,000 must be incurred
in the first year); and
-- Make aggregate payments to Almaden of 2,500,000 common shares of G4G
over 5 years (of which 500,000 must be issued in the first year).
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