| News Releases Stock Info AGM |
| May 18, 2012 Amendment for Yukon Prospect | |
| Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE: HAO.V) wishes to report that the Company has amended the terms on the Haldane Silver Prospect, originally announced on December 3, 2009, subject to regulatory approval. In the current option agreement, the remaining terms before vesting on the Haldane Silver Prospect are: (a) cumulative exploration expenditures of $2 million by December 22, 2012; (b) cumulative exploration expenditures of $4 million by December 22, 2013; (c) $250,000 cash payment by December 22, 2013; (d) issuance of 200,000 common shares by December 22, 2012; and (e) issuance of 1,000,000 shares by December 22, 2013. The news terms provide an extension of one year, which would change the terms to the following: (a) cumulative work of $2 million by December 22, 2013; (b) cumulative work of $4 million by December 22, 2014; and (c) $250,000 cash payment by December 22, 2014. The dates remain the same for the issuance of the common shares. Also, there would be an additional 1,000,000 common share issuance by December 22, 2014, as consideration for extending the dates. If you would like to be added to Habanero's email updates list, please send an email to ir@habaneroresources.com requesting to be added. Habanero Resources Inc. Tel: 604 646 6900 "Jason Gigliotti" Jason Gigliotti, President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. | |
You can view the Next News Releases item: Wed Aug 1, 2012, 2012 Work Program Commences on Habanero's Grand-Vallee North Aluminous Clay Prospect in Gaspe Bay, Quebec You can view the Previous News Releases item: Thu May 10, 2012, 2012 Work Program to Commence You can return to the main News Releases page, or press the Back button on your browser. |
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