Tuesday, August 31, 2010

Adventus

Adventus: may see trading interest, after signing Letter of Intent with Medha Int’l to acquire mining rights and assets at Boatmans’ Creek in New Zealand.

Total consideration shall be US$8.5m payable in installments if transaction goes through. Meanwhile Adventus to leave US$1m as good faith deposit to Medha, and will have an exclusive 21 day period to complete the sales & purchase negotiations.

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